House Republicans officially rolled out legislation Monday to make permanent the individual tax cuts that President Trump signed in December's major tax overhaul, setting up the possibility of a vote to cut taxes in coming weeks that the party can advertise in the midterm elections.
"The Tax Cuts and Jobs Act changed the trajectory of our economy for the better," said House Ways and Means Committee chairman Kevin Brady, R-Texas, referring to the major tax overhaul Republicans enacted in December. "Now it’s time to change the culture in Washington where we only do tax reform once a generation."
The legislation, dubbed "tax reform 2.0" by Republicans, would get rid of the 2025 phase-out of the provisions of the tax overhaul that relate to the individual side of the tax code. Those include the lower rates, the altered child tax credit, the special new tax break for businesses that file through the individual side, and much more.
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2 comments:
They want to win in November....They needed to deal with
1. Health Care. Fix it, not take it away as they have.
2.) immigration. Take it away.
Tax reform will not get votes. Personally it's don absolutely nothing for me and won't.
That's because you don't work. You still want the Government to pay for your health care. Bet you receive Section 8 and SNAP since you want to do away with your competition - immigrants. I too want to do way with illegal immigrants but for better reasons.
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