The Senate passed the massive GOP tax bill in the middle of the night here's what's in it
The Senate passed the Tax Cuts and Jobs Act (TCJA) just after 2 a.m. ET on Saturday, moving the US one step closer to the biggest overhaul of the federal tax code in more than 30 years.
The Senate bill would make sweeping changes to individual and business taxes, while also affecting various industries like healthcare. In all, the cuts total a little less than $1.5 trillion in revenue over 10 years.
The final bill is roughly 479 pages long. With provisions applying to everything from citrus trees to craft breweries, here's a quick rundown of the largest changes to the code in the bill:
Individual tax brackets: The Senate bill would maintain the current seven individual brackets, but lower the rates and change the income levels to which they apply. Those changes end after 2025, when the bill would revert the brackets back to current law. Here's what it looks like for non-married individual filers (you can see the married brackets here »):
http://www.businessinsider.com/whats-in-senate-trump-gop-tax-reform-bill-brackets-deductions-rates-2017-12
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