Tags: House | GOP | tax | reform | cuts

House GOP Forms Tax Plans for Now, Later

Tuesday, 06 Sep 2011 01:26 PM

By Newsmax Wires

House Republicans are figuring out their strategy to push for both long-term tax reform and tax cuts that can boost the economy and hiring quickly. Last week, House Majority Leader Eric Cantor offered a plan that includes a 20 percent deduction for small businesses, The Hill reports.

House Ways and Means Committee Chairman Dave Camp agrees with the idea. But so far he has put the kibosh on other tax proposals favored by many Republicans, such as a corporate tax holiday for overseas profits, because he wants to focus on tax reform.

“All House Republicans share the goal of broad, pro-growth tax reform that broadens the base and lowers the rates,” said Cantor spokesman Brad Dayspring. “That takes time, and with America facing a jobs crisis, the small business tax relief is something we can do in the interim to grow the economy and jobs.”

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Donald Trump: 'I Will Take Full Credit' for Romney Dropping Out

Friday, 30 Jan 2015 22:11 PM

A week ago, just before and during the Iowa Freedom Summit, real estate mogul Donald Trump was quick to call out two-tim . . .

Jim Webb: Dems Must Rediscover 'White Working People'

Friday, 30 Jan 2015 21:47 PM

Democrats have lost touch with working-class whites who mattered to presidents such as Franklin Roosevelt and Harry Trum . . .

GOP Leaders Discuss 'What's Next?' After Romney Exit

Friday, 30 Jan 2015 20:35 PM

Almost to a person, state Republican chairmen and members of the Republican National Committee voiced relief at Mitt Rom . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved