The “one big, beautiful bill” has passed the House and is now headed to the Senate. The Washington Examiner spoke with Kevin Brady, former House Ways and Means Committee chairman, about how the $4 trillion reconciliation bill compares to the 2017 Tax Cuts and Jobs Act.
The former Texas representative says the new House bill aims to preserve TCJA’s pro-growth provisions while incorporating President Donald Trump‘s campaign priorities, such as no tax on tips. Brady believes the bill will maintain economic competitiveness, especially against China, and is optimistic about its future effect on domestic industry and innovation.
“We wanted to redesign our tax system so our U.S. companies could compete with anywhere in the world, including here at home,” Brady said. “And when they did succeed,
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