An election-year plan by House Republicans to simplify the tax code would cut income tax rates but impose a new surtax on some high-income families.

The plan, which is to be unveiled Wednesday, would lower the top income tax rate from 39.6 percent to 25 percent, said a GOP aide who spoke on condition of anonymity. However, the plan would impose a new 10 percent surtax on some earned income above about $450,000.

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