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PBS News Hour
Who benefits from the new GOP tax plan?
On Friday, the GOP released the final details of their new tax plan, which will overhaul America’s tax code for the first time in decades. While standard deduction has nearly doubled, corporate taxes have been slashed from 35 percent to 21 percent. The changes are expected to increase the deficit to nearly $1.5 trillion. Politico reporter Aaron Lorenzo joins Hari Sreenivasan from Washington, D.C.
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This episode is the July 19, 2023 broadcast.
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