Rep. Kevin Brady (R-TX), a lead architect of the GOP tax bill, suggested the tax cuts may not fully pay for themselves, contradicting a promise Republicans made repeatedly while pushing the law in late 2017, the Washington Post reports. Pressed about what portion of the tax cuts were fully paid for, Brady said it was “hard to know.” “The federal government’s deficit typically shrinks during strong economic times, but the deficit is up nearly 40 percent so far this fiscal year, according to the latest Congressional Budget Office report released Friday.”

BING NEWS:
  • Kansas legislators expect Kelly to veto their latest tax cuts and call a special session
    Kansas lawmakers have approved a new, slightly smaller package of tax cuts, expecting Gov. Laura Kelly to veto it and call a special legislative session to push for a plan more to her liking.
    05/1/2024 - 2:23 pm | View Link
  • Biden takes aim at Trump-era tax cuts — and his own campaign promise
    Two weeks ago, President Joe Biden took aim at the Republicans’ 2017 Tax Cuts and Jobs Act and its provisions that are due to expire in 2025. He told electrical union workers, “It’s going to expire, ...
    05/1/2024 - 9:55 am | View Link
  • Tax Cuts Pass In Multiple States In April, With More In Store For May
    Income tax cuts were approved in state capitals across the country in April. Depending on the outcome of upcoming negotiations in SC, more could soon be on the way.
    04/30/2024 - 2:45 pm | View Link
  • Biden Tax Increases Won’t Hit Middle Class, Yellen Says
    Republicans pressed the Treasury secretary on President Biden’s tax proposals and the fate of the Trump tax cuts that will expire in 2025.
    04/30/2024 - 8:21 am | View Link
  • GOP leaders still can't overcome the Kansas governor's veto to enact big tax cuts
    Republican legislators narrowly failed again Monday to enact a broad package of tax cuts over Democratic Gov. Laura Kelly's veto, making it likely that lawmakers would end their second annual session ...
    04/29/2024 - 1:00 pm | View Link
  • More

 

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