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House to Vote This Year on Individual Tax Cut Extension, Ryan Says

  • House effort could make political point ahead of elections
  • Speaker says permanent individual cuts necessary for growth
Bloomberg business news
Rep. Renacci Says Tax Cuts Need to Be Permanent

The House will hold a vote this year to make individual tax cuts permanent, according to House Speaker Paul Ryan, even though the effort is unlikely to become law during this Congress.

The speaker’s comments signal the GOP is plowing ahead with a plan for a so-called phase two of tax cuts to bludgeon Democrats ahead of congressional elections in November. The attempt would require votes from at least nine Democrats in the Senate.