WASHINGTON — The Republican tax plan is
looking like an increasingly tough sell, with party factions pulling it
in several directions at once. As it stands, there's no easy way to
satisfy any one group without tearing the package apart.
The proposal, negotiated by the White House
and congressional leaders, is intended to simplify and lower tax rates,
especially for corporations and for pass-through businesses, the type of
individually owned company President Donald Trump relies on to organize
his own finances.
The catch is that the money to lower those
rates has to come from somewhere — from cutting spending, raising tax
revenues in other ways, or borrowing. Republicans passed a budget that
would allow them to borrow $1.5 trillion by piling it onto the deficit
over the next decade, and a bookkeeping trick might give them $500 billion more to play with.
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