Tags: Donald Trump | Trump Administration | Trump Tax Reform | kevin brady | house ways and means | committee | chairman

Rep. Brady: Trump's Tax Plan 'Really Important' to Families

Image: Rep. Brady: Trump's Tax Plan 'Really Important' to Families
House Ways and Means Committee Chairman Kevin Brady, R-Texas (AP)

By    |   Thursday, 28 September 2017 03:16 PM

President Donald Trump's tax plan is "really important" for America's families, House Ways and Means Committee Chairman Kevin Brady said Thursday.

"First, we flatten out the brackets and lower the rates for every American, so they can keep more of what they earn," the Texas Republican told MSNBC's "Morning Joe." "Really importantly, we protect more the first dollars that families earn. We double the standard deduction."

The plan helps young families starting out, middle-class families who are pinching every penny and retired people, Brady said, and it grows jobs in local communities to help paychecks get bigger.

Brady, meanwhile, disputed a report by the Committee for a Responsible Federal Budget, which has estimated the tax reform plan's cuts and new deductions could cost $2.2 trillion over 10 years.

According to the group's report, $5.8 trillion would be lost through the new plan to lower rates and other modifications, and would be offset by $3.6 trillion coming from eliminated tax breaks, according to CNBC.

"They're wrong," Brady said. "They're not really looking at both the parts which have yet to be filled in, haven't figured in the doubling to the standard deduction. No objective analysis of this does anything but recognize lower taxes for every income level which is exactly why we're doing this tax reform."

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President Donald Trump's tax plan is "really important" for America's families, House Ways and Means Committee Chairman Kevin Brady said Thursday.
kevin brady, house ways and means, committee, chairman
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2017-16-28
Thursday, 28 September 2017 03:16 PM
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