Senate draws up a tax bill | Arkansas Blog

Thursday, November 9, 2017

Senate draws up a tax bill

Posted By on Thu, Nov 9, 2017 at 11:29 AM

Senate Republicans are drawing up their own tax legislation and the Washington Post says one feature is a one-year delay in the cut in the top corporate tax rate from 35 to 20 percent. Donald Trump has said he wants an immediate cut to declare victory.

This delay would lessen the deficit impact of other cuts, at least for a year.

Can't wait to hear what Sen. Tom Cotton has to say. He's always been a big believer in revenue neutrality. Programs for poor people? Disaster aid? Sorry. They increase the deficit. Tax cuts that increase the deficit? We'll see.

More details are expected later today.

Tags: , , , ,

From the ArkTimes store


Comments (4)

Showing 1-4 of 4

Add a comment

Subscribe to this thread:
Showing 1-4 of 4

Add a comment

More by Max Brantley

Readers also liked…

  • LR speakers blast state board for double standard

    A series of speakers, beginning with Sen. Joyce Elliott, denounced what they saw as a hidden agenda favoring charter schools at the state Department of Education and asked the state Board of Education for return of local control.
    • May 12, 2016
  • Trump's strangulation of Obamacare

    If he can't kill it outright, Donald Trump will do all he can to cripple Obamacare. Vox has detailed reporting on deep cuts in federal spending that support nonprofit agencies that help people sign up for coverage under the Affordable Care Act.
    • Sep 18, 2017
  • Civil War over in Fort Smith; lawyer strikes his Rebel mascot battle tent

    KSFM reports that Joey McCutchen, the lawyer who's been trying to restart the Civil War in Fort Smith over the School Board's decision to drop the Rebel mascot and related trappingsfor Southside High School, is dropping his School Board takeover campaign.
    • May 27, 2016

Most Recent Comments



© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation