Business Insider writer Bob Bryan shares more details on the federal tax reform agreement put together by the House-Senate conference committee yesterday. The revised bill will not be available until Friday, but Republicans on the committee have reportedly compromised on a number of key provisions.

According to the article, the final bill would:

  • provide a 20 percent deduction for pass-through businesses;
  • repeal the corporate alternative minimum tax;
  • lower the cap for the mortgage interest deduction to $750,000;
  • cap the state and local tax deduction to $10,000;
  • leave out the “graduate student tax” on tuition waivers; and
  • lower the corporate tax rate to 21 percent.

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