GOP tax proposal gains support, but opposition remains
- November 17, 2017 |
- Walt Williams
National Federation of Independent Business endorses House bill after changes, but housing groups continue to blast effort More business groups are lining up to back a proposed overhaul of the U.S. tax system proposed by House Republicans, but the proposal still faces stiff opposition from several influential associations. The Tax Cuts and Jobs Act would lower the corporate tax rate while eliminating many existing tax deductions to pay for tax breaks elsewhere. House and Senate Republicans have unveiled different versions of the plan. So far business groups have shown more enthusiasm for the House effort, in part because the Senate plan delays a proposed cut in the… Read More