The House bill would also slash the number of income tax brackets from seven to four: 12 percent, 25 percent, 35 percent and 39.6 percent. (cnbc.com)
The plan would reduce the number of income tax brackets, raise the child tax credit and preserve popular retirement savings plans. (cnbc.com)
Bush would reduce the number of income tax brackets from seven to just three, with a top tax rate of 28 percent, as opposed to its current rate of 39.6 percent. (inc.com)