Republicans consider giving working families the shaft, yet again, in tax bill negotiations
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Congressional Republicans are struggling to keep the cost of their tax bill under $1.5 trillion, and they’re sure not taking away anything they’ve offered up to corporations. So naturally, they’re looking at the tax cut they’ve promised you, the workiRepublicans consider giving working families the shaft, yet again, in tax bill negotiations
Congressional Republicans are struggling to keep the cost of their tax bill under $1.5 trillion, and they’re sure not taking away anything they’ve offered up to corporations. So naturally, they’re looking at the tax cut they’ve promised you, the working person. Congressional Republicans are looking at shortening the duration of tax cuts that their plan would give to families and individuals, a leading lawmaker said Thursday. That change would free up more revenue for additional changes to their tax overhaul, but it could also heighten complaints that the bill prioritizes cuts for corporations over households. Under a tax overhaul bill passed by the Senate earlier this month, tax cuts for all American households would expire at the end of 2025. But Republicans are now considering having those tax cuts expire in 2024. “Heighten complaints that the bill prioritizes cuts for corporations over households.” Gee, you think? Possibly because it heightens that reality, which already had a fairly extreme height. This is basically a tax cut for corporations and heirs to multimillionaires and billionaires, with a bunch of other stuff thrown in most to confuse matters, and if Republicans aren’t careful, that will become less confused and more obvious and the bill will become even less popular than it already is. Read more