Highlights of the GOP plan

12 percent, 25 percent, 35 percent and 39.6 percent.

to $ 12,000 for individuals and $ 24,000 for couples.

for new home loans to the first $ 500,000 of the loan. Eliminates the deduction for second homes. for state and local property taxes at $ 10,000. Families: Eliminates personal exemptions of $ 4,050 for each family member. Repeals itemized deductions for medical expenses, alimony payments for divorces after 2017, moving expenses. Workers would owe taxes on employer- provided help for adoptions and for caring for children or disabled family members.

Tax credits: Increases the per- child tax credit from $ 1,000 to $ 1,600 and extends it to families earning up to $ 230,000. There’s also a new $ 300 tax credit for each adult in a family. Business taxes: Cuts the top tax rate for corporations from 35 percent to 20 percent. Lowers to 25 percent the rate for many “passthrough” businesses. Establishes a 10 percent tax on profits for overseas subsidiaries of U. S. corporations and seeks to prevent tax gamesmanship that has moved U. S. companies overseas. affect families dealing with a member living in a nursing home.

Education: Repeals Hope Scholarship Credit and Lifetime Learning Credit for higher education, repeals tax deduction for interest payments on student loans and the tax exclusion for employer- provided education assistance. Also lets people designate fetuses as beneficiaries of 529 accounts, which are savings programs for college costs. Makes no change. Churches: Churches would gain the right to endorse political candidates and retain their tax- free status. Sports: Repeals the charitable deduction for money spent for the right to buy tickets to college sports events. Ends the tax exclusion for interest on bonds issued by state and local governments to build professional sports stadiums. small businesses have received for easing physical access to their offices for disabled people.

for companies for producing electricity from alternative sources like wind and solar energy.