The House votes to extend the individual tax cuts



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The House voted Friday to permanently extend the individual tax cuts President TrumpDonald John TrumpJesuit magazine calls to remove Kavanaugh Comey's nomination to Kavanaugh: "Little lies matter" Corker announces support for Kavanaugh MOREFiscal Law of 2017, giving Republicans a chance to brag law as they prepare to leave Washington to campaign.

The legislation was adopted by 220-191 votes. Three Democrats voted for the legislation and ten Republicans voted against it.

Two of the Democrats who voted against the bill, the representatives. Jacky RosenJacklyn (Jacky) Sheryl RosenGOP plays defense on the pre-existing conditions of ObamaCare Heller adopts Trump in a risky attempt to survive in November Trump stimulates Heller, hammers Wacky Jacky's opponent in Nevada MORE (Nev.) And Kyrsten Sinema (Ariz.), Are both candidates for the Senate. Rep. Conor Lamb (Penn.) Is in a competitive race against Rep. Keith RothfusKeith James RothfusCommercial Battleground Grows as Advertising Wars Reach Highlights Countdown to Election: Kavanaugh Allegations Put GOP in Trouble | Republicans start shooting at the candidates | Dems start early in Iowa | O 'Rourke Defends Cruz After Protesters Break Dinner | Why Biden is the Democrat The GOP fears that the Republicans are beginning to depress the members MORE (R) in the 17th district of Pennsylvania.

A number of Republicans in the Blue States, some of whom are participating in reelection elections, voted against the bill. All GOP votes were from New York, New Jersey and California lawmakers who opposed the measure because they did not want to cement the $ 10,000 tax cap of the 2017 state tax deduction and local.

The bill is not expected to result in a vote in the Senate until midterm, and it is unclear whether tax cuts will actually help Republicans in elections. But Republicans in the House consider that the 2017 law is meant to stimulate the economy and to think that the consolidation of the individual tax cuts provided by the law is a way to take advantage of their achievements.

The changes made to the 2017 tax law to the individual code – including the lowest rates, the larger standard deduction and the deduction for pass-through companies – are due to expire after 2025 under current legislation. GOP legislators have temporarily reduced tax cuts to comply with the budget rules that allowed the passage of the 2017 Act by simple majority vote in the Senate.

Republicans in the House, with Trump's support, want to make permanent tax cuts both because they think it's a good policy and they think it will benefit them politically . They see it as a way of highlighting strong economic numbers and forcing Democrats to talk about extending tax provisions that benefit middle-class taxpayers.

"It is essential to maintain this momentum", Chair of the House Committee on Ways and Means Kevin BradyKevin Patrick BradyHouse passes two bills in the new GOP tax package It's time to pass the 2.0 tax reform Business, the GOP legislators back US-Japan trade agreement PLUS (R-Texas) said. He added that the bill would "keep the American economy booming and middle-class families grow up again."

But the Democrats, who all voted against the 2017 law, see the bill as capping individual tax cuts as legislation that will largely benefit the rich and increase debt.

"Their second round of tax cuts for the rich will further jeopardize the future of Medicare and social security," said the Democrat. Richard NealRichard Edmund NealDems wants the political leaders to attack ObamaCare House The GOP bill provides for a mixed bag for retired savers The group of experts is pushing a key bill for new cuts 39, GOP PLUS taxes (Mass.). He added that the bill demonstrates that Republicans "are hardly the party of fiscal rectitude or conservatism".

Polls have indicated that Democrats' attacks on the 2017 law are echoing among voters. A Republican National Committee survey that Bloomberg reported last week revealed that most voters think the law helps businesses and the wealthy more than middle-class families.

The Joint Committee on Taxation, which set the congressional tax score, estimated that the new bill would reduce federal revenues by $ 631 billion from 2019 to 2028, before taking into account economic growth. JCT estimated that the bill would reduce revenue by $ 545 billion in the budget window after taking into account the economic effects.

YCW also estimated that the largest tax cuts would be included in the bill, but the percentage of federal taxes paid by people with incomes of at least $ 1 million would increase slightly.

The bill is one of three bills that Republicans in the House call "tax reform 2.0." Thursday, the House passed the other two bills: one focused on encouraging families to save, is designed to encourage the spirit of enterprise.

The policy on the bill to cement individual tax cuts is complicated in the Senate. It would take 60 votes to pass the Senate and there are only 51 Republicans. Some Senate Republicans said they would not support legislation because of its impact on the deficit.

In addition, if a few Senate Democrats in the United States ready to be re-elected this year voted for the bill, it would undermine attacks by Republican challengers against incumbents.

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