(Bloomberg) -- President Donald Trump and Republicanleaders launched an urgent effort to get a major legislative winthis year, announcing a long-awaited tax plan that will immediately set off a fightover how much top earners should pay.

The framework proposes cutting the top individual rate to 35percent -- but leaves it up to Congress to decide whether tocreate a higher bracket for those at the top of the income scale,according to the document released Wednesday.

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