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15:27, 21-Dec-2017
Donald Trump hailed a "historic" victory as the US Congress passed a massive Republican tax cut plan on Wednesday, the president's first major legislative achievement since taking office nearly a year ago.
The tax bill slashes the federal corporate tax rate from 35 percent to 21 percent, and the maximum individual income tax rate for the nation's wealthiest drops from 39.6 percent to 37 percent.
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