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The individual income tax rates were pegged at 10, 12, 22, 24, 32, 35 and the top rate, 37 percent. The drop from 39.6 percent was standard Republican tax cutting. In the end, the law would add an estimated $1.5 trillion to the annual deficit over 10 years.

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Bob Woodward Quote: “The individual income tax rates were pegged at 10, 12, 22, 24, 32, 35 and the top rate, 37 percent. The drop from 39.6 percent was standard Republican tax cutting. In the end, the law would add an estimated $1.5 trillion to the annual deficit over 10 years.”

“The individual income tax rates were pegged at 10, 12, 22, 24, 32, 35 and the top rate, 37 percent. The drop from 39.6 percent was standard Republican tax cutting. In the end, the law would add an estimated $1.5 trillion to the annual deficit over 10 years.”

Bob Woodward

Bob Woodward Quote: “The individual income tax rates were pegged at 10, 12, 22, 24, 32, 35 and the top rate, 37 percent. The drop from 39.6 percent was standard Republican tax cutting. In the end, the law would add an estimated $1.5 trillion to the annual deficit over 10 years.”
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