Republicans released a plan for the second round of tax cuts

Republicans in the House of representatives released a plan for the second round of tax benefits, extending the law on tax cuts adopted in December 2017.

The bill proposed by the Budget Committee, among other things, involves the reduction of individual tax rates, and also allow you to write off more tax start-UPS. It is expected that the benefits will be in effect until 2026.

However, it is likely that the bill will not be supported by the Senate, where the Republicans have no majority. Some us lawmakers, including in the lower house of Congress, concerned about the growing deficit.

The vote on the bill must pass this month.