Tags: republicans | urged | tax cuts | retroactive

Republicans Urged to Make Tax Cuts Retroactive

Image: Republicans Urged to Make Tax Cuts Retroactive
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By    |   Friday, 11 Aug 2017 08:51 AM

Conservatives as well as tax and finance leaders are urging Republican lawmakers to make tax cuts retroactive in any legislation they consider, The Hill reported.

And lawmakers are listening.

Steve Forbes, Grover Norquist and Newt Gingrich have all in the past week pushed for cuts that would be retroactive to the start of 2017, and congressional finance committees are giving it consideration, according to the Hill.

"Very important, the GOP must make these reductions retroactive to the beginning of 2017. We want this tax bill to kick up the economy ASAP. And it wouldn't hurt if people got big tax refunds next April," Forbes wrote in a column.

The benefits are obvious — put cash in the pockets of Americans now, stir up a country's worth of goodwill later.

"The best thing you can do if you're running for re-election is show people you put money in their pockets," Sage Eastman, a former Ways and Means Committee senior counselor, told the Hill.

Tax reform is the next big thing on the docket for Republicans when they return from August recess with all interested parties expecting it to be done by the end of the year.

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Conservatives as well as tax and finance leaders are urging Republican lawmakers to make tax cuts retroactive in any legislation they consider, The Hill reported.
republicans, urged, tax cuts, retroactive
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2017-51-11
Friday, 11 Aug 2017 08:51 AM
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