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Committee hears sponsor testimony on resolution urging permanence for 2017 tax law
Summary
Representatives presented sponsor testimony on House Concurrent Resolution 8 urging Congress to make the 2017 Tax Cuts and Jobs Act permanent; members debated fiscal effects and distributional impacts but no committee vote was recorded.
Representatives presented sponsor testimony and answered questions at the first hearing on House Concurrent Resolution 8, a nonbinding resolution urging Congress to make the 2017 Tax Cuts and Jobs Act (TCJA) permanent.
Representative Williams, the sponsor, told the committee HCR 8 urges the U.S. Congress to make the TCJA permanent to maintain lower and simpler tax obligations for individuals and businesses. Williams described provisions he said included lower individual brackets, an…
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