Contact: Alec Zimmerman
Picking Washington Over Wisconsin
[Madison, WI] — Republicans took the next step toward passing massive tax cuts for hard-working Wisconsin families. Unfortunately, Senator Tammy Baldwin picked Washington over Wisconsin and refused to give families real relief.
Read coverage from USA Today here or find excerpts below.
Republicans laud stimulus of $1.5 trillion tax overhaul plan
Tom Vanden Brook
December 3, 2017
Republicans on Sunday united behind the $1.5 trillion proposed overhaul of the tax code that the Senate passed along party lines early Saturday.
Among the key changes: the standard deduction, used by about 70% of U.S. taxpayers, would nearly double to $12,000 for individuals and $24,000 for couples. The Senate and House bills both cut the corporate tax rate to 20% from 35%, but the Senate version delays the cut for one year. Trump has said the corporate rate could be dropped to 22%.
“My preference is 20%,” Sen. John Barrasso, R-Wyo., said on FOX News Sunday.
Money will come rushing into the United States for investment because of the corporate tax cut, Barrasso predicted.
Read the full story online here.