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Senate Republican tax plan may eliminate property tax deductions and delay corporate cut

House Ways and Means Committee Chairman Kevin Brady (R-Texas) (Michael Reynolds / EPA/Shutterstock)
House Ways and Means Committee Chairman Kevin Brady (R-Texas) (Michael Reynolds / EPA/Shutterstock)

As they prepare to unveil their own sweeping tax plan, Senate Republicans are revisiting key provisions of the House GOP proposal, including possibly eliminating property tax deductions as well as state income tax deductions, increasing the size of child-care credits, offering more help to small businesses and having corporate tax cuts phase in or expire, according to those familiar with the negotiations.

The final outline of the Senate plan, scheduled to be released Thursday, remained a work in progress, officials cautioned.

"Everything is on the table,” one Republican official who did not want to be identified discussing the talks said Tuesday evening.

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