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The House has taken the first step in enacting President Trump's tax agenda, according to reports from AP News and Bloomberg Tax. However, by leaving out some of the President's campaign promises.
The House has taken the first step in enacting President
Trump's tax agenda, according to reports from AP News and Bloomberg Tax. However, by leaving
out some of the President's campaign promises for additional
individual tax relief, raising the debt limit by $4 trillion, and
substantial cuts to safety-net programs, it appears there is still
a long legislative road ahead.
Coupled with Senate Republicans' desire for deeper tax cuts
and a smaller impact on safety-net programs, the contents of a bill
that ultimately makes its way to the President's desk remains
unclear.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
