Heritage Action for America Issues Statement on Advance Tax Reform
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Tax reform continues to move forward in
"While no tax reform is perfect, many of the concessions made in the House proposal are the direct result of self-serving special interests groups. Those trade offs result in bad policy, like the creation of a 45.6 percent bubble rate in the House bill that
"Heritage Action shares the
"These two changes would allow
In addition to correcting the "bubble tax" that would reportedly raise
"While the tax package as a whole is certainly a positive step in the right direction, there are important ways to improve the Tax Cuts and Jobs Act to both meet the goals of pro-growth tax reform and avoid increasing marginal rates on any taxpayers."
Those changes include 1) Lower marginal rates at every level; 2) Increase expensing; 3) Maintain the commitment to a territorial tax system; 4) Full repeal of the state and local property tax deduction; and 5) Repeal the individual mandate of Obamacare.
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