'If House Republicans were actually serious about the deficit, they would demand wealthy corporations pay their fair share in taxes,' one advocate said.
to avoid the fallout of climate-spurred wildfires, Republicans think now is a good time to repeal the largest climate investment in our history to pay for their corporate handouts."to avoid the fallout of climate-spurred wildfires, Republicans think now is a good time to repeal the largest climate investment in our history to pay for their corporate handouts."
The second and third bills would increase deductions for families making less than $400,000 over the next two years and get rid of a requirement that taxpayers report Venmo or similar transactions over $600, a measure aimed at small businesses,"These policies will provide relief for working families, strengthen small businesses, grow jobs, and protect American innovation and competitiveness," Smith said in a statement.
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Exactly how much Republican plans would add to the deficit is a matter of debate. The nonpartisan Join Committee on Taxation calculated a total of $21 billion over the next 10 years,However, the bills extend Trump tax breaks for businesses through 2025, but Republicans have said they would like to make them permanent.
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