Committee Hearing Discusses Tax Reform Impact and Next Steps
Posted on May 21, 2018 in International Tax, News
The House Ways and Means Committee held a hearing last Wednesday, May 16th, where Republicans and Democrats continued to be divided in their evaluations of the recent tax reform and its effects on jobs, the economy, and investment. In opening statements, Richard Neal criticized the new law for giving “83 percent of the tax savings to the top one percent.” Testimony during the hearing...
House Democrats Release Their Tax Reform Principles
Posted on Oct 27, 2017 in News
The ranking Democrat on the House Ways and Means Committee, Rep. Richard Neal, released their principles on tax reform on Wednesday, outlining the Democrats’ priorities for tax reform legislation. The outline calls for increases to tax credits and incentives targeted towards the middle class and expanding infrastructure investment. On the corporate side, the Democrats’ goals...
Brady Expects Economic Growth to Offset Initial Deficit Increase
Posted on Aug 17, 2017 in News
Speaking at the Reagan Ranch on Wednesday, August 16, 2017, Chairman of the Ways and Means Committee Kevin Brady announced that the GOP tax reform plan could significantly add to the deficit during the first few years of implementation, but that resultant economic growth would eventually offset any adverse effects. While light on specific details, Chairman Brady mentioned that House...