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Commenter at Ways and Means meeting warns of $4.6 trillion in potential tax hikes if 2017 cuts expire
Summary
At a Ways and Means: House Committee meeting held at a state fair, a public commenter said the 2017 Tax Cuts and Jobs Act has supported businesses, families and farms and warned that its expiration could trigger about $4.6 trillion in tax increases by the end of next year, citing business investments, wage increases and job growth tied to the law.
A commenter at the Ways and Means: House Committee meeting at the state fair warned that Americans face about $4,600,000,000,000 in tax increases if provisions of the 2017 Tax Cuts and Jobs Act expire at the end of next year.
The commenter said the 2017 law has helped local businesses and families: "Because of these policies, we've been able not only to maintain our business, but provide great living, health benefits, and soon expanded child care for our employees and in our community," they said. The speaker…
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