>House GOP budget to slash taxes
By Erik Wasson and Bernie Becker – 03/19/12 06:48 PM ET
House Republicans will roll out a fiscal 2013 budget on Tuesday that will slash tax rates for both corporations and individuals, setting a marker for future negotiations with Democrats on taxes and other fiscal matters.
The plan from House Budget Committee Chairman Paul Ryan (R-Wis.) would collapse the current system of six tax brackets for individuals into two marginal rates: 10 percent and 25 percent, according to GOP aides. The proposal would also lower the top corporate tax rate to 25 percent, and scrap the Alternative Minimum Tax.
https://thehill.com/blogs/on-the-money/domestic-taxes/216813-ryan-budget-to-slash-tax-brackets
