The relevant Committee of the U.S. Senate approved the draft tax reform

© Fotolia / W. ScottЗдание the U.S. Senate in Washington. Archival photoThe relevant Committee of the U.S. Senate approved the draft tax reform© Fotolia / W. Scott

Profile, Finance Committee U.S. Senate approved Thursday the draft of the tax reform proposed by U.S. President Donald trump.

Now the document will go before the full Senate.

«The Senate Finance Committee has approved a draft tax reform. This is another step towards reducing the tax burden for the middle class,» reads the message on the page of the Committee on Twitter.

Earlier on Thursday, the bill approved by the house of representatives of the United States. The key change is the reduction in the rate of taxation on corporate profits to 20% from the current 35%. In addition, the proposed changes to the taxation of individuals. So, instead of the current scale of the seven categories of the progressive income tax proposed only three categories of taxation depending on the income: 12%, 25% and 35%.

According to approved by the house of representatives the project will also continue the fourth maximum scale at 39.6%, but it will affect only those Americans who earn more than 500 thousand dollars per person or 1 million per couple. Now the minimum Federal income tax is 10%, but the Republicans claim that the rate increase will not affect the least wealthy due to the planned increase of tax deductions.

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