ELECTION/GOP/HOUSE OF REPS/TAXES/TRUMP PEOPLE: “Republicans in the U.S. House of Representatives unveiled an election-year tax plan on Tuesday [7-24-18] that is unlikely to become law but could energize party voters this autumn by promising permanent tax cuts for individuals and most business owners. Days before lawmakers head home for five weeks of summer campaigning before the Nov. 6 congressional elections, House Ways and Means Committee Chairman Kevin Brady rolled out a ‘Tax Reform 2.0’ proposal that would also expand savings opportunities for families and workers while expanding write-offs for start-up businesses…House Republicans plan three pieces of legislation covering permanence, savings and business in hopes of reaping some success in the Senate. Other ideas, including a measure to protect capital gains on business investments from inflation, are also under discussion.”
–David Morgan, “House Republicans roll out election-year tax cut plan,” Reuters, July 24, 2018 11:17 am