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House Ways and Means Hearing Turns to Clash Over Tariffs and International Tax Policy
Summary
At a House Ways and Means hearing, Republicans hailed the permanence of recent international tax reforms while Democrats and several academic witnesses warned that the Trump administrationtariffs are a regressive burden that could negate gains from the tax changes.
Chairman Kelly opened the subcommittee hearing by praising the 2017 Tax Cuts and Jobs Act and the recently enacted Working Families Tax Cuts Act, saying the reforms made the U.S. more competitive and helped keep corporate headquarters and jobs in the United States. "The Tax Cuts and Jobs Act made this nation the best place in the world to build, to invest in, and to create jobs," he said.
The hearing quickly turned to a partisan but substantive debate about the interaction of tax policy and trade measures. Ranking Member Thompson accused the administration of imposing "reckless and chaotic tariffs" that have harmed small businesses and farmers, and urged Congress to reclaim its Article I authority over tariffs. Professor Clausing, a witness called by Democrats,…
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