November 3, 2017

  • House Tax-Writing Committee to Take Up Multi-Trillion Dollar Tax Cut Plan on November 6

    After passing a budget resolution allowing Congress to take up a tax cut bill that would increase the deficit by $1.5 trillion over 10 years, the House Committee on Ways and Means released a tax package that does that. Corporations and high-income individuals will be the primary beneficiaries of H.R. 1, the Tax Cuts and Jobs Act. Low- and moderate-income people will pay in one or two ways for the trillions of dollars of tax cuts for high-income individuals and businesses: through tax increases that leave them worse off, and through cuts in education, Medicaid, Medicare, and many other services. Read More »

    Posted in Budget and Appropriations, Tax Policy | Comments Off on House Tax-Writing Committee to Take Up Multi-Trillion Dollar Tax Cut Plan on November 6
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