Evening Edition: GOP tax plan would shrink mortgage interest benefit, slash corporate tax rate

Winners and losers in the Republican tax plan; Blue states will be hit hardest by GOP tax plan's limits on deductions

Democracy Dies in Darkness     The day's most important stories   GOP tax plan would shrink mortgage interest benefit, slash corporate tax rate The legislation unveiled by House Republican leaders would overhaul the U.S. tax code in ways that could affect almost every American household and business. Among the potential changes: The proposal would cap a mortgage-interest deduction used by millions of homeowners, restricting it to new mortgages of $500,000 or less. By Damian Paletta and Mike DeBonis  •  Read more » Wonkblog • Analysis Winners and losers in the Republican tax plan Big businesses and the wealthy do well in the GOP bill. The poor and those in many high-tax states do not. By Heather Long  •   Read more »   Wonkblog • Analysis Blue states will be hit hardest by GOP tax plan's limits on deductions Limits on popular tax deductions would have the biggest effects in states with high property taxes and expensive homes. By Carolyn Y. Johnson, Reuben Fischer-Baum and Aaron Williams  •   Read more »   ADVERTISEMENT The Finance 202 • Analysis Some corporate interests swiftly align against tax overhaul Prominent naysayers said they couldn't support an overhaul that makes changes to both the individual and corporate side of the tax code. By Tory Newmyer  •   The Finance 202   •   Read more »   All your major questions about the GOP tax plan, answered As the new, more public phase of the GOP effort to rewrite the nation's tax code gets underway, let's dive into the questions. Analysis   •   Read more »   Wonkblog • Analysis The state of the American tax system, in 8 charts Who pays federal taxes? Why do the rich pay more? We've compiled charts explaining the basics of the U.S. tax system. By Christopher Ingraham  •   Read more »   Tax plan delivers mixed results for corporate America Some companies, especially in the real estate industry, would suffer from the proposed elimination of tax breaks, loopholes and incentives. By Steven Mufson  •   Read more »   Trump just picked Powell to lead the Fed. Here's why the nomination is unusual. If confirmed by the Senate, Powell would begin serving in February, replacing Janet L. Yellen, a Democrat whom Trump has at times praised but many Republicans wanted replaced. Prior presidents had typically renominated the sitting Fed chair, especially when the economy was doing well. By Heather Long  •   Read more »   Most Americans approve of Trump-Russia probe, and nearly half think Trump committed a crime, Post-ABC poll finds More than twice as many Americans approve as disapprove of special counsel Robert S. Mueller III's investigation of possible coordination between Donald Trump's 2016 campaign and the Russian government, though people's views are shaped by their political leanings. By Emily Guskin and Matt Zapotosky  •   Read more »   ADVERTISEMENT USDA nominee Sam Clovis withdraws his name after being linked to Russia probe Clovis had been a contentious pick since President Trump first nominated him this spring for the U.S. Department of Agriculture post, given the fact that he has no experience in the hard sciences. By Juliet Eilperin and Philip Rucker  •   Read more »   Court document sheds light on why N.Y. suspect chose Halloween for day of attack Investigators are still exploring whether anyone else had any knowledge of or aided in the plot. By Mark Berman and Matt Zapotosky  •   Read more »   The Fix • Analysis Donna Brazile says Clinton campaign hijacked DNC during primary battle The former interim head of the Democratic Party is taking the smoldering embers of the 2016 primary and throwing some gasoline on them. By Aaron Blake  •   Read more »   Police arrest suspect after 3 killed in shooting at Colorado Walmart Authorities said Scott Ostrem, 47, was armed with a handgun when he entered the store and began firing. By Kyle Swenson and Sandhya Somashekhar  •   Read more »   Two Russians, including gold medalist, disqualified for doping at Sochi The disqualifications — the first to result from the McLaren report on alleged Russian doping — come as the International Olympic Committee considers whether to ban Russia altogether from the 2018 Winter Games in PyeongChang. By Marissa Payne  •   Read more »   The Fix • Analysis Fox News is trying to reinvent the exit poll. The survey strategy involves people who don't vote. The director of the network's decision desk says the idea is to gauge turnout in the major parties. By Callum Borchers  •   Read more »           Share Evening Edition:    Twitter     Facebook Trouble reading? Click here to view in your browser. You received this email because you signed up for Evening Edition or because it is included in your subscription. For additional free newsletters or to manage your newsletters, click here. We respect your privacy. If you believe that this email has been sent to you in error or you no longer wish to receive email from The Washington Post, click here. Contact us for help. ©2017 The Washington Post, 1301 K St NW, Washington DC 20071