Friends of Manufacturing

Business Leaders Want Tax Changes Made Permanent

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The House Ways and Means Committee’s first major tax reform hearing illustrated the work still ahead for Republican lawmakers as they attempt to overhaul the tax code and reconcile their blueprint with the White House agenda. The Thursday hearing also called into focus the high-pressure timeline they face to meet business expectations on enacting changes.

Committee Chairman Kevin Brady (R-Texas) has touted the House GOP blueprint as a key to spurring economic growth. The plan, which diverges in key aspects from the White House outline, would lower the corporate tax rate to 20 percent from 35 percent.

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