Friday, November 10, 2017 | Tag Cloud
, Mitch McConnell
, Tax Reform
, United States
, Worthy News
(Worthy News) - The Senate plans to introduce their version of tax reform today, which will give a typical American family a tax cut of nearly $1,500, according to a two-page summary of the bill.
Named the Tax Cuts and Jobs Act like its corresponding House version, the bill attempts to give American companies a level playing field and reduce the tax burden on small businesses so more jobs are created in the United States.
"This is our once-in-a-generation opportunity to lower taxes and shift the economy into high gear," said Senate Majority Leader Mitch McConnell (R., Ky.) on the Senate floor today. "In fact, tax reform represents the single most important thing we can do to spur growth and help American families." [ Source: Washington Free Beacon (Read More...) ]
Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.