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QUESTION

According to our text, the recently passed tax reform (passed in Dec. 2017) changes:

According to our text, the recently passed tax reform (passed in Dec. 2017) changes:

Lowers the standard deduction for couples, but not for individuals

Lowers the corporate tax rate and lowers the marginal tax rate for most households

Raise the marginal tax rates for most people, especially the middle class

Raises the corporate tax rates but lowers it for households

All of the listed choices are correct

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