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House Ways and Means continues debate of tax bill

by MICPA | Nov 09, 2017   ()

Buffeted by seething differences, members of a key House panel are digging into work on the sweeping GOP tax plan that President Donald Trump and Republicans are counting on to protect their majorities in elections a year from now.

The Ways and Means Committee started debating the proposed legislation on Monday with nearly eight hours of heated argument and accusations. For majority Republicans, the plan would bring needed tax relief to the middle class, kick-start the lagging economy and create jobs. For the Democrats, it's a tax-cut bounty for big corporations and the wealthy, and a ham-fisted elimination of benefits relied on by middle-class and low-income people.

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Visit our Tax Reform Resources page for more: micpa.org/taxteam

Source: MICPA
Source: MICPA

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