As tax plan gained steam, GOP lost focus on the middle class - News Summed Up

As tax plan gained steam, GOP lost focus on the middle class


Over several months, tax cuts for families were either stymied or scaled back. Bannon “pushed that for several weeks as a way to gather political support for the tax bill. So leaders began to make a priority of what they thought the entire party could rally around: big corporate tax cuts. So in a last-minute decision, Republicans cut the duration of the family tax credit in half — ending it after only five years — to make the corporate tax cut permanent. Ultimately, Johnson managed to extract an additional $114 billion in tax cuts for these entities out of GOP leaders.


Source: Washington Post December 10, 2017 00:23 UTC



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