u.s. house representatives tax panel continue debate amendments tuesday tax bill offer congressional republicans president donald trump follow major provision group revenue-losing tax cut revenue-gaining tax increase base 2018-27 fiscal estimate congress nonpartisan joint committee taxation corporate rate cut corporate income tax rate 20 percent 35 percent federal revenue loss 1.5 trillion 10 years 2018 2027. pass-throughs cap maximum tax rate small businesses non-corporate enterprises 25 percent present top rate pass-through income 39.6 percent set rule distinguish individual wage income actual pass-through business income block abuse loss 448 billion territorial system end worldwide system use unite state tax corporations domestic foreign profit adopt territorial system make foreign profit bring country tax-exempt end deferral rule let corporations hold foreign profit abroad tax-free loss 205 billion capital expense allow businesses immediately write expense full value certain new capital investments relax similar write-off requirements small businesses allow businesses use cash account simplify account format loss 66 billion corporate minimum repeal 20 percent federal corporate alternative minimum tax loss 40 billion repatriation impose mandatory one-time tax 2.6 trillion foreign profit hold abroad deferral rule 12 percent cash percent illiquid assets far 35 percent rate corporations would owe bring profit country repatriate present law tax due result one-time tax would payable eight years gain 223 billion interest deductions limit interest cost deductions 30 percent taxable income exempt businesses average gross receipt 25 million public utilities real property trade gain 172 billion nol carry tighten carry-back carry-forward businesses net operate losses nol gain 156 billion foreign company slap 20 percent excise tax large foreign-owned company active u.s. market import goods pay royalties tax-deductible non-interest fee foreign parent exempt agree treat payments income connect u.s. business subject overall u.s. income tax gain 154 billion domestic production repeal deduction domestic production activities gain 95 billion minimum tax impose new 10 percent minimum tax u.s. company high-profit foreign units gain 77 billion veterans disable kid repeal tax credit subsidize business cost test rare diseases employer-provided child care fix historic build first-year wage cost veterans poor people ex-prisoners kid work summer job provide access disable social security waiters waitress tip gain 73 billion stadiums repeal tax deduction government bond subsidize stadiums project gain 57 billion fringe benefit curb deductions entertainment amusement recreation facilities gain 34 billion like-kind close loophole taxpayers use avoid tax gain property value swap similar property like-kind exchange gain 30 billion clean energy repeal curtail tax credit produce electricity wind biomass geothermal solar municipal waste hydro power construct alternative energy plant instal alternative energy equipment gain 15 billion fdic premiums limit federal deductibility big bank federal deposit insurance corporation premiums gain 14 billion statehouse lobby restrict deductions incentives state local governments stop business relocate local government lobby gain billion roll-overs tighten rule roll gain stock sales small business sell inventions patent copyright material end partnerships gain billion few bracket consolidate tax bracket seven follow marry couple file jointly zero tax income 24,000 12 percent 24,000 90,000 25 percent 90,000 260,000 35 percent 260,000 million 39.6 percent million unmarried individuals marry couple file separately bracket thresholds would half except 35 percent bracket unmarried individuals would click 200,000 revenue loss 1.1 trillion standard deduction increase standard deduction taxpayers 12,200 6,350 individuals 24,400 12,700 marry couple loss 913 billion amt repeal alternative minimum tax high-income taxpayers loss 695 billion child tax credit expand child tax credit 1,600 1,000 create 300 credit parent non-child dependent preserve child dependent care credit loss 640 billion inheritances double exemption estate tax inherit assets repeal tax six years loss 172 billion personal exemption repeal 4,050 individual personal exemption revenue gain 1.6 trillion mortgage state local tax low cap interest deduction new mortgage 500,000 million home debt repeal mortgage interest deduction second home repeal deduction state local income sales tax pay individuals families preserve business owners cap deduction state local property tax pay 10,000 repeal deductions personal casualty losses tax preparation cost medical expense repeal cap itemize deductions high-earners gain 1.3 trillion college cost repeal consolidate several tax break high education cost gain 65 billion move divorce repeal move expense deduction income exclusion move expense reimbursements end alimony deduction gain 27 billion identification require set new identification requirements taxpayers claim tax credit children education cost earn income gain 23 billion home gain restrict tax exemption gain home value impose new residence requirements gain 22 billion employees teachers repeal tax break employee award end teacher expense deduction end tax break dependent care expense gain billion elderly adoptions curtail tax credit elderly disable child adoption expense mortgage credit certificate plug-in electric vehicles gain billion factbox 's tax bill u.s. house republicans debate