Tags: Trump Administration | Trump Tax Reform | corporate | alternative | minimum | tax | kevin mccarthy

GOP's Kevin McCarthy: Corporate Alternative Minimum Tax Should be Removed

Monday, 04 December 2017 02:29 PM

The alternative minimum tax on corporations, which had been included in the U.S. Senate's tax bill, should be eliminated in the final legislation, Kevin McCarthy, the No. 2 Republican in the House of Representatives, said on Monday.

"I think that has to be eliminated because that would destroy R&D," McCarthy said in an interview with CNBC.

" ... Especially when you look at California, the engine that actually creates from a lot of entrepreneurs and others, that should be eliminated for sure." 

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The alternative minimum tax on corporations, which had been included in the U.S. Senate's tax bill, should be eliminated in the final legislation, Kevin McCarthy, the No. 2 Republican in the House of Representatives, said on Monday.
corporate, alternative, minimum, tax, kevin mccarthy
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2017-29-04
Monday, 04 December 2017 02:29 PM
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