Republicans Unveil Major Tax Cut Proposal
House Republicans have unveiled a major tax cut proposal as part of a broader package of bills that aims to grow jobs, bolster small businesses, and provide relief to inflation-squeezed households by leaving more of their hard-earned dollars in their wallets.
The tax cut proposal comes as part of a trio of bills introduced on June 9 by Rep. Jason Smith (R-Mo.), chairman of the House Ways and Means Committee.
Smith said the proposals were derived from field hearings held across the country to sound out support for tax cuts and other measures.
“Americans from all walks of life—workers, parents, farmers, and small business owners—have shared their concerns with today’s chronically high prices, climbing interest rates, labor shortages and supply chain failures, as well as the challenge of competing with China,” he said in a statement….