GOP Lawmakers Find $450-M More in Tax Cuts

GOP Lawmakers Find $450-M More in Tax Cuts

GOP Lawmakers Find $450-M More in Tax Cuts

A growing number of Key congressional Republicans are considering a move that would allow for about $450-B of tax cuts without offsets, according to congressional aides familiar with the discussions.

US Senate budget and tax panels are discussing the move to a “current policy” baseline — instead of the standard “current law” baseline.

The chief House tax writer, Kevin Brady, signaled openness to the approach last month, saying it would lead to deeper tax cuts.

The switch would risk a backlash from Democrats and deficit Hawks.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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