,,ii  #aaeth ,,congress  #ast ,session  
,s4 #abaj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #bd1 #bjag
 ,mr4 ,rounds 7for himself and ,mr4     
,hoeven7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,finance  ,a ,,bill  ,to 
amend the ,internal ,revenue ,code of   
#aihf to reduce tax rates across the    
board4  #a4 ,reduction in tax rates  7a7
 ,individual tax rates  7#a7 ,in general
  7,a7 ,reduction in rate for initial   
bracket amount ,clause 7i7 of section   
#a7;i77#a77;,a7 of the ,internal        
,revenue ,code of #aihf is amended by   
inserting 7#h percent for taxable years 
beginning after ,december #ca1 #bjag7   
after #aj percent4  7,b7 ,reduction in  
rate for #ae-1 #be-1 #bh-1 and          
#cc-percent rate brackets ,paragraph    
7#b7 of section #a7;i7 of such ,code is 
amended to read as follows3  7#b7       
,reduction in rates ,the tables under   
subsections 7a71 7b71 7c71 7d71 and 7e7 
shall be applied--  7,a7 by substituting

 #ac for #ae each place it appears1     
7,b7 by substituting #bc for #bh each   
place it appears1  7,c7 by substituting 
#bf for #ca each place it appears1 and  
7,d7 by substituting #ca for #cf each   
place it appears4  4  7,c7 ,reduction in
 rate for highest rate brackets         
,subparagraph 7,a7 of section #a7;i77#c7
 of such ,code is amended-- 7i7 by      
inserting 7#cc percent for taxable years
 beginning after ,december #ca1 #bjag7  
after #ce percent in clause 7i71 and    
7ii7 by inserting 7#cg4f percent for    
taxable years beginning after ,december 
#ca1 #bjag7 after #ci4f percent in      
clause 7ii74  7,d7 ,conforming          
amendments  7i7 ,subparagraph 7,b7 of   
section #a7;g77#g7 of the ,internal     
,revenue ,code of #aihf is amended by   
striking #aj percent and inserting #h   
percent4  7ii7 ,paragraph 7#a7 of       
section #a7;h7 of such ,code is         
amended-- 7,i7 by striking #be percent  
in subparagraph 7,a77ii77,i7 and        
inserting #bc percent1  7,,ii7 by       

striking #be percent in subparagraph    
7,b77i7 and inserting #bc percent1 and  
7,,iii7 by striking #ci4f percent in    
subparagraph 7,c77ii77,i7 and inserting 
#cg4f percent4  7iii7 ,section          
#cdjb7p77#b7 of such ,code is amended by
 striking #aj percent and inserting #h  
percent4  7#b7 ,capital gains rates     
7,a7 ,in general ,paragraph 7#a7 of     
section #a7;h7 of the ,internal ,revenue
 ,code of #aihf is amended--  7i7 by    
striking #ae percent in subparagraph    
7,c7 and inserting #ac percent1  7ii7 by
 striking #bj percent in subparagraph   
7,d7 and inserting #ah percent1  7iii7  
by striking #be percent in subparagraph 
7,e7 and inserting #bc percent1 and     
7iv7 by striking #bh percent in         
subparagraph 7,f7 and inserting #bf     
percent4  7,b7 ,rate under alternative  
minimum tax ,paragraph 7#c7 of section  
#ee7;b7 of such ,code is amended-- 7i7  
by striking #ae percent in subparagraph 
7,c7 and inserting #ac percent1  7ii7 by
 striking #bj percent in subparagraph   

7,d7 and inserting #ah percent1 and     
7iii7 by striking #be percent in        
subparagraph 7,e7 and inserting #bc     
percent4  7,c7 ,conforming amendments   
,the following sections are each amended
 by striking #bj percent and inserting  
#ah percent3  7i7 ,section              
#adde7;e77#a74  7ii7 ,the second        
sentence of section #geah7;g77#f77;,a74 
7iii7 ,section #eceaa7;f77#b7 of title  
#df1 ,united ,states ,code4  7b7        
,corporate tax rates  7#a7 ,in general  
,section #aa7;b7 of the ,internal       
,revenue ,code of #aihf is amended--    
7,a7 in paragraph 7#a7--  7i7 by        
striking #ae percent in subparagraph    
7,a7 inserting #ac percent1  7ii7 by    
striking #be percent in subparagraph    
7,b7 and inserting #bc percent1  7iii7  
by striking #cd percent in subparagraph 
7,c7 and inserting #cb percent1 and     
7iv7 by striking #ce percent in         
subparagraph 7,c7 and inserting #cc     
percent1 and  7,b7 in paragraph 7#b71 by
 striking #ce percent and inserting #cc 

percent4  7#b7 ,conforming amendments   
7,a7 ,section #abja7;a7 of such ,code is
 amended by striking #ce percent each   
place it appears and inserting #cc      
percent4  7,b7 ,paragraphs 7#a7 and 7#b7
 of section #adde7;e7 of such ,code are 
each amended by striking #ce percent and
 inserting #cc percent4  7c7 ,effective 
date  7#a7 ,in general ,except as       
otherwise provided in this subsection1  
the amendments made by this section     
shall apply to taxable years beginning  
after ,december #ca1 #bjag4  7#b7       
,amendments related to withholding ,the 
amendments made by subsections          
7a77#a77;,d77iii7 and 7c77#b77;,b7 shall
 take effect on ,january #a1 #bjah4