Originally published at: MIDTERM MESSAGE: House GOP Seeks to Make Trump Tax Cuts PERMANENT | Sean Hannity
House Republicans doubled-down on their pro-business midterm message Tuesday; unveiling a new proposal that would make President Trump’s signature tax cuts “permanent” beyond 2025.
According to the Wall Street Journal, GOP leaders introduced legislation this week that would “lock in” cuts to individual tax rates well beyond 2025; a move aimed to motivate Republican voters heading into the 2018 midterm elections.
“The sweeping, $1.5 trillion tax cut enacted into law last year permanently lowered the corporate tax rate to 21% from 35%. But reductions in individual tax rates were scheduled to expire after eight years so the GOP could meet a restriction imposed as a condition of the fast-track reconciliation procedures used to pass the new tax law,” writes the WSJ.
“This legislation is our commitment to the American worker to ensure our tax code remains the most competitive in the world,” said House Ways and Means Committee Chairman Kevin Brady.
Read the full story at the WSJ.
