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HOUSE REPUBLICANS Unveil "Tax Cut and Jobs Act"
. . . Retirement Plans: No Changes to 401K Accounts
. . . Mortgage Deduction: Reduces Cap on Mortgage Interest From $1 Million to $500,000 for New Home Purchases
. . . State & Property Taxes: "Limits the deductibility of local property taxes to $10,000 while eliminating the deduction for state income taxes"
. . . Trump: "Recently said he'd like to see the bill become law by Christmas"
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