More on Tax Reform
CORPORATIONS, TAXES AND INFRASTRUCTURE — OH MY! An economic adviser to President-elect Donald Trump on Tuesday pitched to lawmakers the idea of using a one-time 10 percent tax on corporate revenues repatriated from overseas to offset costs associated with an infrastructure spending plan. “We think that there’s as much as $2 trillion overseas,” Stephen Moore said at a meeting arranged by House Majority Whip Steve Scalise. Moore said the arrangement could possibly raise between $100 billion and $150 billion
LITTLE ROCK, Ark. – Congressman French Hill (AR-02) hosted a Tax Reform Roundtable at the Arkansas State Chamber of Commerce in Little Rock with Arkansas business leaders, tax professionals, and other stakeholders to discuss House Republicans’ plan for reforming the current tax code.
WASHINGTON, D.C. – Today, the House passed the Protecting Americans from Tax Hikes (PATH) Act by a bipartisan vote of 318-109. The PATH Act would extend numerous temporary tax provisions and make over 20 tax relief provisions permanent, including the Research and Development Tax Credit, Section 179 small business expensing, and several extenders that enhance charitable giving, such as the IRA charitable rollover provision.
The actions of the Internal Revenue Service and its commissioner involving the targeting of conservative organizations should not be tolerated, Rep. French Hill, R-Little Rock, said Tuesday.
Hill has called for the resignation of IRS Commissioner John Koskinen in light of a nearly two-year investigation by a congressional committee into questions involving the organizations.