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U.S. House Republicans Release Tax Reform Plan

House Republicans unveiled plans Thursday for a sweeping overhaul of the tax system calling for fundamental changes in business and individual taxes, including big cuts in rates and new breaks for families.

It also includes a new limit on the mortgage interest deduction. People could only deduct interest on the first $500,000 of their loans for newly purchased homes, down from the current $1 million limit.

While big companies would get a significantly lower 20 percent corporate rate, down from 35 percent, they would face new limits on their ability to deduct interest on their loans, a new global minimum tax on their overseas earnings, and new taxes on U.S. companies heading abroad.

For more information, click here.

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U.S. Small Business Administration to Host Twitter Chat on Cybersecurity for Small Businesses

In honor of National Cyber Security Awareness Month, the Small Business Administration (SBA) will host an interactive Twitter chat on October 10 at 3:00 pm ET featuring cybersecurity tips for small businesses. In addition to helpful advice, tips, and tricks, the SBA will be be asking leading experts about emerging threats every small business owner needs to know about. Follow along and share your ideas using the hashtag #SBAchat.

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