Wednesday, November 15, 2017

Republicans Slap an Expiration Date on Middle-Class Tax Cuts

President Trump and congressional Republicans have repeatedly insisted that the top priority of their tax reform is delivering relief to the middle class. But under a significant change to the Senate's plan announced late Tuesday night, that relief for most people will now only be temporary, and millions of middle-class families could actually see a tax increase in 2026 if Congress doesn't act again. As I recently reported , the competing Republican tax bills were both over-budget, forcing party leaders to scale them back if they hoped to pass legislation under Senate rules without Democratic ......(read more)
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