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Keyword: corporatetaxcut

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  • Mitch McConnell is confident the Senate will pass tax reform 'either late tonight or early tomorrow'

    11/30/2017 9:48:34 AM PST · by GonzoII · 8 replies
    Washington Examiner ^ | by Susan Ferrechio | Nov 30, 2017, 10:43 AM
    A confident Senate Majority Leader Mitch McConnell said Thursday the Senate will take a final vote on a $1.4 trillion tax package as soon as Thursday night or by Friday at the latest. "We are on the cusp of a great victory for the country and particularly small business," McConnell said at an event featuring small business owners praising the GOP tax plan.
  • Why A Corporate Tax Cut Won't Boost Economic Growth

    11/27/2017 11:49:33 AM PST · by SeekAndFind · 71 replies
    Forbes ^ | 11/26/2017 | Patrick Watson
    The House and Senate are considering tax legislation that will add $1.5 trillion to annual deficits over the next 10 years, according to their own numbers. This is okay, we're told, because the tax cuts will stoke economic growth, delivering added tax revenue that offsets the rate reductions. Note the bigger point here. Republicans still say they don’t like deficits — but apparently, this particular plan lets them cut taxes without adding more debt. It’s a miracle. Is their claim really true? Will the GOP tax plans boost economic growth? That’s the 1.5-trillion-dollar question. Theory vs. Reality The Republican plan’s...