House plans to vote on second phase of tax cuts this month, Paul Ryan says
Source: LA Times
House GOP leaders are forging ahead with a plan to vote on a second phase of tax cuts this month, despite dissension from Republicans in high-tax states who say the measure would hurt their voters.
The legislation would make permanent all the individual changes in the 2017 tax law, including the $10,000 annual cap on the federal income tax deduction for paying state and local taxes.
The decision to hold the vote shows leaders have decided they can sacrifice the support of some Republican lawmakers in New York, New Jersey and other high-tax states — and don’t mind putting them in the tricky spot of having to either support the cap or vote against tax cuts backed by their party.
Bloomberg News reported Tuesday that largely because of that dilemma, House Republicans were hitting the pause button on “tax reform 2.0” legislation, according to three GOP aides who requested anonymity to speak about the matter. The lawmakers had wanted to weigh the political benefits and risks of a vote.
Read more: http://www.latimes.com/business/la-fi-tax-cuts-20180905-story.html#
Ryan and the Republicans are trying to do as much damage to the country as they can before the Blue Wave this November.
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