U.S. Businesses on Alert for House Republicans’ Finished Tax Plan
- Research and advertising costs are targeted in 2014 bill draft
- Congress wants to broaden tax base to offset rate cuts
Republicans Push Year-End Tax Reform Timeline
This article is for subscribers only.
House tax writers have completed about 90 percent of the tax bill they plan to release this week, Ways and Means Chairman Kevin Brady said Monday -- but the last part may be the hardest.
Members of the tax-writing committee were working behind closed doors on proposals to raise revenue that would help offset the deep tax-rate cuts that President Donald Trump and congressional leaders have proposed, said Representative Vern Buchanan, a Florida Republican.