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Committee hears resolution urging Congress to make 2017 tax law permanent amid debate over effects
Summary
Sponsors urged the committee to support HCR 8, which urges Congress to make key provisions of the 2017 Tax Cuts and Jobs Act permanent. Members debated whether the law primarily benefited corporations, individuals, or increased the federal deficit.
The House Government Oversight Committee heard sponsor testimony on House Concurrent Resolution 8 on April 9. HCR 8 urges the U.S. Congress to make the 2017 Tax Cuts and Jobs Act permanent. Sponsors said the resolution aims to preserve lower rates and simplified filing for individuals and businesses; detractors pressed for detail on who mostly benefitted and on the law’s fiscal impact.
Representative Williams, the resolution’s sponsor, described HCR 8 as a call to "ensure continuing prosperity through…
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