Published: Sat, November 18, 2017
World | By Paul Elliott

Job Creation First, Tax Reform Second In House Tax Bill

Job Creation First, Tax Reform Second In House Tax Bill

It now moves to the U.S. Senate for debate starting after the Thanksgiving break.

The businesses sent the letter to leaders of the House tax reform effort and copied leaders of the Senate effort, who they said are "honoring the preexisting tax reform deal" by leaving the phase-out intact. First of all, we've got to see what the Senate can get through the Senate.

The House of Representatives has passed the tax reform bill.

"The passage of Thursday's historic tax reform legislation represents the best opportunity Congress has had in 30 years to reform the nation's complex and outdated tax code in a manner which will provide Iowans with tax relief, a simpler tax return, and a better economic climate for job creation", said King.

Sen. Susan Collins, R-Maine, who has voted with Democrats against repealing Obamacare, is reportedly having a more hard time coming to a "yes" vote on the Senate Republicans' tax reform plan since McConnell announced Tuesday that a repeal of Obamacare's individual health insurance mandate would be added to the Senate version of the tax bill. We want entrepreneurs to grow their businesses and hire people in their communities. "After months of negotiations with the White House and House leadership, I was able to successfully restore the property tax deduction, which will benefit all South Jersey property owners". So there's been a long list of those that have been proposed to be eliminated.

Sherrod Brown
			 					Rob Portman
		 					Bob Latta
Sherrod Brown Rob Portman Bob Latta

With key provisions like doubling the standard deduction, vastly decreasing the small-business tax rate and increasing the child tax credit, this measure works to give hardworking families a leg up.

Preserving the Child and Dependent Care Tax Credit to help families care for their children and older dependents such as a disabled grandparent who may need additional support.

"I always like to say I know I can do better". We represent 1,000 member companies and over 100,000 jobs in the USA economy, serving as a powerful voice for how wind works for America. Its greatest defect is the one that prompted Congressman Walter B. Jones (NC-3), a leading fiscal conservative to reluctantly vote against it - it does not include spending cuts along with the tax cuts. Can you justify that? Within the budgeting process, we have to show within a 10-year window how we're going to ensure that we can pass these and still meet our commitments on other programs, and that's where the decision was made to put an end date.

Quoting St. John XXIII's 1961 social encyclical, "Mater et Magistra", they stated that "decisions about taxation involve fundamental concerns of 'justice and equity, ' with the goal of taxes and public spending 'becoming an instrument of development and solidarity'".

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