Republicans Unveil ‘Cut Cut Cut’ Tax Plan. Here Are 8 Things You Need To Know.

On Thursday, House Republicans finally unveiled their tax reform plan. Overall, it’s a transformative move in terms of corporate taxes, and it should help the vast majority of individual taxpayers as well. There are holes in it, of course — and there are serious questions to be asked about blowing out the debt in the short term. But there’s no question that it would be a tremendous upgrade from the current tax system, which carries one of the highest corporate tax rates in the industrialized world and a massively complex individual tax system.

Here’s what you need to know.