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The newest Senate statement perform go further than the earlier version introduced in the home by towering the newest income tax penalties to your snap and you will solar farm projects already been immediately after 2027, until they fulfilled certain requirements. That could threaten huge amounts of dollars within the opportunities in the clean energy plans — plus the 1000s of perform that would come with those individuals projects, and in the Republican-contributed claims including Georgia and you will South carolina. The brand new legislation will make long lasting trillions away from cash inside the corporate tax cuts enacted inside the 2017 through the Trump’s basic name and you may build almost every other taxation vacations for businesses. That includes permanently reducing the business income tax rates so you can 21% on the thirty-five% height until the 2017 tax slices. 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