Senate makes sunset revisions to tax plan that may not see the light of day

The chairman of the Senate Finance Committee, Republican Orrin Hatch, unveiled the latest version of the Senate’s proposed tax overhaul last night. On the face of it, there’s a bit more in this bill for the middle class. The plan would expand the child tax credit and slightly lower some tax rates. But here’s the catch — those changes would be only temporary. Corporations, though, would get a permanent tax cut. 

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