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Committee hears sponsor testimony urging Congress to make the 2017 tax law permanent
Summary
Supporters presented House Concurrent Resolution 8 urging Congress to make parts of the 2017 Tax Cuts and Jobs Act permanent; members debated distributional effects and fiscal impacts but the committee took no final vote.
Sponsors asked the committee to urge the U.S. Congress to make key provisions of the 2017 Tax Cuts and Jobs Act (TCJA) permanent, arguing the law promoted investment and wage growth, while other members raised concerns about distributional effects and deficits.
Representative Williams, sponsor of House Concurrent Resolution 8, told the House Government Oversight Committee that HCR 8 "urges our federal congress to make the 02/2017 Tax Cuts and Jobs Act permanent to ensure continuing…
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