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Saturday, September 29, 2018

House votes to make individual tax breaks permanent

House Republicans on Friday passed legislation to make permanent last year's tax cuts for individuals and small businesses, a vote they hope will insulate them from Democratic attacks that their tax reform favored big companies.

The bill passed 220-191, and three Democrats joined most Republicans in support of the bill.

Rep. Kyrsten Sinema, D-Ariz., one of the three Democrats who voted for today's bill but opposed last year's tax reform law, explained her vote as correcting a fault in the law.



Anonymous said...

And they refused to pass the tax break on property taxes so if you own more than 50 acres of farmland with 4 buildings in wicomico county your tax bill is no longer a tax deductible! Thanks for nothing

Anonymous said...

Is that a federal tax law or Wicomico. States can deviate from Feral laws I believe. I wouldn't be surprised say all if it was Wicomico. That's why we moved out of high tax MD.

Anonymous said...

1:43am Also if oyu own more than one home and the re tax bills exceed $10,000 you can only write off the first $10,000. That keeps people with some money from getting to the next level and those with no money cheer that they are sticking it to the rich. Not a fan of the tax cuts.

Anonymous said...

high tax MD. Makes me laugh...why? The only reason we have soooooooooooooooooooooooooooooo many taxes is due to mismanagement with the numbnuts WE elected in Annapolis. Those idiots spend more than they have yet get elected again and again and again.

Who is truly to blame - those who vote AND those who DON'T vote.