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The House on Tuesday approved a sweeping $1.5 trillion Republican tax bill that is expected to be approved by the Senate and signed into law by President Trump before Christmas.
Republicans have moved swiftly to pass the tax overhaul, but not without controversy. Democrats have criticized the bill, saying it for gives gifts to corporations and wealthy Americans to the detriment of the federal debt.
If the bill becomes law, it will be the first major legislative victory for Republicans and Mr. Trump. As approved by the House, the corporate tax rate would be cut to 21 percent, down from 35 percent — which Republicans believe could lead to economic growth.
But what does this mean for individuals? At 11:30 a.m. Eastern time on Dec. 20, Ron Lieber, The New York Times’s “Your Money” columnist, and the reporter Patricia Cohen will answer reader questions about the tax bill’s consequences on Facebook Live.
To take part in the conversation, leave your questions for Mr. Lieber and Ms. Cohen in the comments of this article, and tune in on Wednesday at Facebook.com/nytimes.
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