"We Must Make the Trump Tax Cuts Permanent as Soon as Possible," GOP Rep. Says

Republicans on the House’s chief tax-writing committee made clear during a hearing Tuesday that their top priority is making permanent the massive giveaway to the rich that Donald Trump and the GOP pushed through in 2017.

Rep. Jason Smith (R-Mo.), chairman of the House Ways and Means Committee, said during his opening remarks at Tuesday’s hearing that “we must make the Trump tax cuts permanent as soon as possible.”

While most of the corporate tax breaks in the 2017 law were made permanent from the start, provisions impacting individuals — including the cut to the top marginal tax rate — are set to expire at the end of this year without congressional action. Trump and Republicans have also called for a further reduction of the statutory corporate tax rate.

“As of today, we have only 142 legislative days before taxes will go up for every single American if Congress fails to act,” Smith declared Tuesday.

Read more: https://truthout.org/articles/we-must-make-the-trump-tax-cuts-permanent-as-soon-as-possible-gop-rep-says/