US Republican leaders unveiled a sweeping tax bill that would dramatically slash corporate rates, but the measure was already under fire from within the party despite pressure from President Donald Trump.
Simmering disagreements persisted over what should end up in the largest tax overhaul since Ronald Reagan’s 1980s presidency, with at least one House Republican openly opposing the legislation.
The effort, conducted largely in secret in recent months, is seen by many Republicans as a shot at political redemption after they and Trump failed in their high-stakes bid to repeal and replace Barack Obama’s signature health care reforms.
“This is it. This is a very important and special moment for our country,” House Speaker Paul Ryan said in announcing the Tax Cuts and Jobs Act.
Ryan said a family of four would save an average of $1,182 a year under the plan, which he hailed as an overhaul that will “deliver real relief” for working…