Republicans Eye Change to Taxes

Reuters news agency reports today that as the House of Representatives was unable to move the American Heath Care Act forward, Republicans look at a new prospect, tax reform. The report states that divisions in the Republican party was the cause of the inability to pass the American Heath Care Act. Regarding the failure of the American Heath Care Act and the tax reform ahead, House of Representatives tax committee Chairman Kevin Brady said, “This made a big challenge more challenging. But it’s not insurmountable”. The report states Brady’s tax proposal will reduce the corporate tax rate from 35 to 20 percent, end taxing foreign profits for US based multinationals, and cut other tax rates for businesses and investors.

Reuters report found here: http://www.reuters.com/article/us-usa-congress-taxation-idUSKBN16V2S0

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s