Economics
House Panel’s Talk of Phased-In Tax Cut Counters Trump’s Wishes
- Brady tells reporters no decision on phase-in has been made
- Mnuchin wants immediate cut but ‘will see how that goes’
Tax Reform to Proceed in Spite of Muller, Says Haines
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House tax writers are discussing a gradual phase-in for President Donald Trump and Republican leaders’ proposed corporate tax-rate cut -- on a schedule that would put the rate at 20 percent in 2022, according to a member of the chamber’s tax-writing committee and a person familiar with the discussions.
The phase-in plan is under discussion, but isn’t yet final, said a member of the House Ways and Means Committee, who asked not to be named because the discussions are private. Other members said they planned to discuss the proposal during a private meeting Monday afternoon.