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House Ways and Means Committee Chairman Kevin Brady, R-Texas, center, embraces Senate Finance Committee Chairman Orrin Hatch, R-Utah, left, as House and Senate conferees after GOP leaders announced they have forged an agreement on a sweeping overhaul of the nation's tax laws, on Capitol Hill in Washington, Wednesday, Dec. 13, 2017. Rep. Richard Neal, D-Mass., ranking member of the House Ways and Means Committee, looks on at far right. Democrats objected to the bill and asked that a final vote be delayed until Senator-elect Doug Jones of Alabama is seated. (AP Photo/J. Scott Applewhite)

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Generous tax cuts for corporations and the wealthiest Americans would be delivered in a sweeping overhaul of the tax laws, under a new agreement crafted by Republicans in Congress.

By By STEPHEN OHLEMACHER, ANDREW TAYLOR & MARCY GORDON, AP December 14, 2017