On Thursday, one week after House GOP released their draft of the tax proposal, Senate Republicans unveiled their version of the tax-cut plan.
The Senate version preserves seven individual tax brackets, which the House version cut down to four. The Senate bill also delays the corporate tax-rate break by one year and gets rid of state and local tax income as well as property deductions, which will have significant implications for California.
What are the differences between the tax bills? What would each version mean for Californians? And how do these bills move forward?