Republicans in Congress are postponing the roll out of their tax reform bill until at least Thursday. Kevin Brady, Chairman of the House Ways and Means Committee, says there are too many issues that need to be resolved before details of the plan can be discussed. Politico: Some details of the bill started leaking out Tuesday after Speaker Paul Ryan briefed conservative leaders on text that had been finalized. The proposal, sources in the meeting said, would lower the corporate tax rate to 20 percent, meeting their initial goal. They’ve also decided to keep the current top 39.6 percent tax rate on the wealthiest individuals — though they have not settled on which incomes would be hit by that rate. Ryan told conservative group leaders Thursday that the income threshold for the top rate would likely be higher than it currently is, likely between $750,000 and $1 million. He said the estate tax would likewise be repealed but may have to be phased out to save money in...(Read Full Post)