Here’s what’s in the GOP tax plan

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Speaker of the House Paul Ryan surrounded by American families, and members of the House Republican leadership introduce tax reform legislation on Thursday.

Associated Press 

WASHINGTON (AP) — The new GOP tax plan proposes to simplify the tax system, cut taxes for the middle class, and reduce taxes on businesses and corporations. Passage is a priority for President Donald Trump and Republicans, who are hoping for a major legislative victory to cite going into the 2018 elections.

Here are highlights of the plan: