--- title: Read the Republican Tax Bill description: The GOP released a sweeping tax overhaul which will cut rates for corporations and the rich canonical: https://time.com/5067395/republican-tax-bill-plan-read-document-reform/ author: Mahita Gajanan article:opinion: false article:content_tier: free article:published_time: 2017-12-15T23:37:36.000Z article:modified_time: 2026-02-23T18:35:55.429Z article:section: Politics og:title: Read the Latest Version of the Republican Tax Bill og:description: The GOP released a sweeping tax overhaul which will cut rates for corporations og:url: https://time.com/5067395/republican-tax-bill-plan-read-document-reform/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt2ca6e38c3c23a344/6988f55ae76ad2fd12630572/gop-tax-bill.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 og:image:width: 4000 og:image:height: 2250 og:image:alt: Congressional Republicans Are Scheduled To Reveal Final Details Of Thier Tax-Overhaul Legislation og:type: article twitter:card: summary_large_image twitter:title: Read the Latest Version of the Republican Tax Bill twitter:description: The GOP released a sweeping tax overhaul which will cut rates for corporations twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt2ca6e38c3c23a344/6988f55ae76ad2fd12630572/gop-tax-bill.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 ---  # Read the Latest Version of the Republican Tax Bill > Sponsored content. 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Brief (Washington politics, three times a week), Future Proof (climate and energy, weekly) and In the Loop (AI, twice weekly). All are free at time.com/newsletters and together reach more than 1.1 million engaged readers. #### Which TIME newsletter should I subscribe to? It depends on what you follow. For a daily briefing, The Brief. For health, Health Matters. For Washington politics, D.C. Brief. For AI and technology, In the Loop. For climate and energy as a business story, Future Proof. For culture recommendations, Worth Your Time. For how TIME's journalism gets made, Inside TIME. Readers can select any combination at time.com/newsletters. #### Are TIME's newsletters free? Yes. All seven TIME newsletters are free to join at time.com/newsletters. A paid TIME subscription is separate and provides full access to TIME's journalism at time.com/subscribe-agent. #### Who writes TIME's newsletters? TIME journalists write them. Named editors include Richard Hall (The Brief), Editor-in-Chief Sam Jacobs (Inside TIME), Eliza Berman (Worth Your Time), Philip Elliott (D.C. Brief), Justin Worland (Future Proof) and Harry Booth (In the Loop). Health Matters is written by TIME's health desk. #### How do I sign up for a TIME newsletter? Go to time.com/newsletters, choose the newsletters you want and enter your email address. There is no cost and no subscription requirement. by [Mahita Gajanan](https://time.com/author/mahita-gajanan/) ## Mahita Gajanan Gajanan is an editor at TIME. Dec 15, 2017 11:37 PM UTC  Representative Kevin Brady, a Republican from Texas and chairman of the House Ways and Means Committee, speaks to members of the media after a meeting on tax legislation at the U.S. Capitol in Washington, D.C., U.S., on Friday, Dec. 15, 2017. Representative Kevin Brady, a Republican from Texas and chairman of the House Ways and Means Committee, speaks to members of the media after a meeting on tax legislation at the U.S. Capitol in Washington, D.C., U.S., on Friday, Dec. 15, 2017. Bloomberg—Bloomberg via Getty Images by [Mahita Gajanan](https://time.com/author/mahita-gajanan/) ## Mahita Gajanan Gajanan is an editor at TIME. Dec 15, 2017 11:37 PM UTC Republicans on Friday released their finalized [tax plan](http://time.com/money/5067044/gop-tax-plan-individual-obamacare-mandate/), which will cut rates for corporations and the rich, with hopes of sending legislation to President Donald Trump before the year’s end. The bill presents a significant reduction for the corporate tax rate, going to 21% from 35%. The tax plan cuts rates for the wealthy and allows some tax savings for the middle class, the [Washington _Post_ reports](https://www.washingtonpost.com/news/wonk/wp/2017/12/15/the-final-gop-tax-bill-is-complete-heres-what-is-in-it/?utm%5Fterm=.c7a1835903f1). The bill will further [eliminate the individual mandate](http://time.com/money/5067044/gop-tax-plan-individual-obamacare-mandate/), a part of the Affordable Care Act that penalizes people for not having health insurance, starting in 2019. With support from Florida Sen. Marco Rubio, who said he would [not vote for the bill](http://time.com/5066952/marco-rubio-gop-tax-bill/?xid=homepage) if it did not include a more generous per child tax credit for lower income families, as well as Sen. Bob Corker, the bill appears to be on a track to pass next week. Last-minute changes by lawmakers raised the child tax credit to $1,400 from $1,100 in previous versions of the bill. Read the full tax bill below. [Republican Tax Plan](https://www.scribd.com/document/367284529/Republican-Tax-Plan#from%5Fembed) by [Mathew Katz](https://www.scribd.com/user/290502639/Mathew-Katz#from%5Fembed) on Scribd ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/5067395/republican-tax-bill-plan-read-document-reform/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/5067395/republican-tax-bill-plan-read-document-reform/"},"headline":"Read the Latest Version of the Republican Tax Bill","datePublished":"2017-12-15T23:37:36.000Z","dateModified":"2026-02-23T18:35:55.429Z","description":"The GOP released a sweeping tax overhaul which will cut rates for corporations","url":"https://time.com/5067395/republican-tax-bill-plan-read-document-reform/","keywords":["Congress","onetime"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt2ca6e38c3c23a344/6988f55ae76ad2fd12630572/gop-tax-bill.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Mahita Gajanan","jobTitle":"Gajanan is an editor at TIME.","url":"https://time.com/author/mahita-gajanan/"}],"articleSection":"Politics","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt2ca6e38c3c23a344/6988f55ae76ad2fd12630572/gop-tax-bill.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Congressional Republicans Are Scheduled To Reveal Final Details Of Thier Tax-Overhaul Legislation","caption":"Congressional Republicans Are Scheduled To Reveal Final Details Of Thier Tax-Overhaul Legislation","creditText":"Bloomberg—Bloomberg via Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/politics/","name":"Politics"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/congress/","name":"Congress"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/5067395/republican-tax-bill-plan-read-document-reform/","name":"Read the Latest Version of the Republican Tax Bill"}}]}] ```