Senate Tax Bill Revisions Make Its Fundamental Tradeoffs Harsh
November 17, 2017
November 17, 2017
WASHINGTON, Nov. 17 -- The Center on Budget & Policy Priorities issued the following news release:
The revised tax bill(1) from Senate Finance Committee Chairman Orrin Hatch takes his original bill(2) -- which already provided large tax cuts to the wealthy and profitable corporations, raised taxes on millions of households, and did little if anything for millions more -- and makes it even worse in very basic ways.
To finance a permanent cut in the corporate tax rate . . .
The revised tax bill(1) from Senate Finance Committee Chairman Orrin Hatch takes his original bill(2) -- which already provided large tax cuts to the wealthy and profitable corporations, raised taxes on millions of households, and did little if anything for millions more -- and makes it even worse in very basic ways.
To finance a permanent cut in the corporate tax rate . . .