Saturday, April 21, 2018

Sen. Ted Cruz Looking To Make Individual Tax Cuts From GOP Bill Permanent

Photo by Andrew Burton/Getty Images
On Tuesday, Sen. Ted Cruz (R-TX) introduced legislation that would make the individual tax cuts from the GOP tax bill permanent. The cuts are currently set to lapse after 2025.
In a press release, Cruz stated:
We’re seeing enormous benefits as a result of the historic tax cuts passed last year. The Texas economy is booming, and even on Tax Day, there is a renewed optimism and energy throughout the state. Texans are investing capital, expanding businesses, hiring new workers, and raising wages, and that economic growth is benefiting middle class families across the Lone Star State. But on tax reform, Congress is just getting started. There is much more we can do on behalf hardworking Americans, starting with passing my bill to make the individual tax cuts and other provisions permanent.
The bill, S.2687, was “read twice and referred to the Committee on Finance.”
Read the rest of the story HERE.

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