A budget plan crucial to President Donald Trump's hopes for large-scale tax cuts looked set for a close vote in the U.S. House of Representatives on Thursday after some Republicans vowed opposition in an effort to protect a popular tax break.
The rebellious faction is resisting a proposal to eliminate a federal deduction for state and local income taxes, which would hit middle-class voters in high-tax states like New York, New Jersey and California.
The idea is one of several that have been floated as Republicans craft a tax-cut plan. The budget blueprint, which has already been approved by the Senate, is central to their efforts to push tax legislation through Congress in the face of staunch opposition from Democrats.
The proposal "is obviously an issue of concern to a group of members, and the shared goal is to work together to address the issue and move forward," an aide to House Majority Whip Steve Scalise said on Wednesday. - Reuters
Use the Best Anti-Virus Protection. Pls follow the link:
https://goo.gl/S5BzjdLinkback:
https://tubagbohol.mikeligalig.com/index.php?topic=87781.0
Topic: Trump hopes for large-scale tax cuts (Read 1020 times)