Analyst on senate tax bill: ‘It’s better than the alternative’
호 게임Trump’s tax plan: What it costs and what it does
Senate leaders said their plan would not raise revenue from corporations, which are more likely to hire overseas workers and pay lower taxes.
They also said they would provide tax breaks for health insurance policies, but did not offer details.
Trump has said his plan would cost the federal government about $1 trillion or more. Republicans have pushed back, but they will be allowed to try again if Republicans fail to get enough of their party’s senators to support the CDC 철도청 카지노bill.
Democrats said there was not enough money in the plan to give tax cuts to anyone but the wealthiest and most wealthy.
“All of those things, including lower than a 2 percent (tax) rate…we can take care of, but don’t 마사지pretend to do so on this.” Sen. Tammy Baldwin (D-Wis.) on GOP tax bill “The goal is not, is not to add revenues. The goal is to lower taxes on the people we’re supposed to be helping,” she said. “We’re not getting paid for what we’re saying that we are, which is, what is going to be really good tax reform?”
Byrd and others said the bill would not eliminate or trim income taxes, meaning middle-income earners would pay more. The bill would also leave some deductions in place as the Senate moves toward its goal of reducing the deficit to 7 percent of GDP or less.
Democratic leaders, meanwhile, have argued the tax bills will lead to the creation of thousands of jobs, since businesses will invest and hire instead of having to invest overseas.
Democrats have called for Republicans to raise taxes on the wealthy because a plan like the one they put forward in the 1990s would not have added to the deficit.