Tired of winning yet? House votes to permanently extend individual tax cuts

Glad they got this done before the mid-term elections!

House Ways and Means Committee Chairman Kevin Brady (R-Texas), center, looks at President Trump in December as Republicans celebrated passage of last year’s tax cut bill. Brady is pushing follow-up legislation that would make the temporary individual tax cuts permanent. (Carolyn Kaster / AP)

Washington Times

The House on Friday voted to permanently extend the individual rate cuts in the GOP’s $1.5 trillion tax-cut law as part of Republicans’ “Tax reform 2.0” effort, saying the cuts are needed to keep the economy humming in the future.

“By making the new code permanent for our families and small businesses, the [bill] will keep America’s economy booming and middle-class families growing again,” said Rep. Kevin Brady, the House’s top tax-writer.

The vote was 220-191, mostly along party lines, with only a few Democrats backing the bill and about 10 Republicans voting against it.

House Republicans are trying to highlight tax cuts and the booming economy as they prepare to head home to campaign, saying Democrats will seek to roll back the new rates right away if they re-take control of the House and/or the Senate.

“You all know the Democrats’ agenda. They talk about raising the taxes. They would reverse the tax cuts that we provided to the American public,” House Majority Leader Kevin McCarthy said earlier this week.

 

Advertisements
This entry was posted in Economy, Government, Politics. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.