House Speaker Paul Ryan, R-Wis., announced Wednesday that the Lower Chamber will vote later this month to make the individual tax cuts signed in December permanent, the Washington Examiner reports.
President Donald Trump signed the tax bill in December, but the tax cuts it outlined were set to expire after 2025. Ryan and Majority Leader Kevin McCarthy, R-Calif., said at a press conference that they will have a bill “on the floor” for a vote sometime in September.
Majority Whip Steve Scalise, R-La., added, “We will make those tax cuts permanent.”
The House Ways and Means Committee still plans on making revisions to the bill next week, possibly focusing on the $10,000 limit on state and local tax deductions, also known as SALT deductions.
“I think we can get there,” said Rep. Tom Reed, R-N.Y. “We want to make sure members have input and send the message back to their states that hey, we are listening.”
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