It isn’t enough that the first one rammed thru at the end lat year has ballooned the nation’s deficit and resulted in NO feeling of the ‘good’ effect’s the Republicans promised…
The House Republicans want to give MORE of the tax payers money to the business world….
There is no chance this is gonna go anywhere…
Republicans in the U.S. House of Representatives unveiled an election-year tax plan on Tuesday that is unlikely to become law but could energize party voters this autumn by promising permanent tax cuts for individuals and most business owners.
Days before lawmakers head home for five weeks of summer campaigning before the Nov. 6 congressional elections, House Ways and Means Committee Chairman Kevin Brady rolled out a “Tax Reform 2.0” proposal that would also expand savings opportunities for families and workers while expanding write-offs for start-up businesses.
“This is an excellent first step,” Brady, a Republican, told reporters after showing the plan to members of his party.
House Republicans plan three pieces of legislation covering permanence, savings and business in hopes of reaping some success in the Senate. Other ideas, including a measure to protect capital gains on business investments from inflation, are also under discussion….