Economics
Republicans Discuss a Mix of Temporary, Permanent Tax Changes
- Individual income rate reductions may expire after 10 years
- Shift from global system would likely be permanent, people say
Why Steve Rattner Isn't Optimistic About Tax Reform
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Republicans struggling to pass a major tax overhaul that doesn’t add to the federal deficit are discussing a kind of compromise: mixing permanent revisions with temporary rate cuts for individuals and businesses.
Officials on the House and Senate tax committees are talking with the White House about a hybrid approach that would combine lasting tax code changes to deter offshore profit shifting by corporations with lower rates for a number of years, according to three people familiar with the discussions.