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GOP RELEASES TAX PLAN

Republicans today released their long-awaited tax code overhaul, hoping to get the legislation marked up and passed before Christmas. The plan would cap the deduction for property taxes at $10,000 and preserve the mortgage interest deduction only for existing mortgages and new purchases with loans of $500,000 or less. The plan also calls for a gradual phase out of the estate tax. (USA Today)

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