The majority of people can agree tax reform in any form is needed and, yes, those same people also realize that not everyone’s gonna be a winner with those reforms. Will Congress try to make everyone happy – PB/TK
U.S. tax change proposals anger builders, realtors, charities -By Ginger Gibson / Aug 14 2017
WASHINGTON (Reuters) – With U.S. Congress members focused during their August recess on finding ways to lower the corporate tax rate, industry groups and other sectors of society are gearing up to fight proposed changes to the personal income tax.
While tax cuts for business have garnered the most headlines, lobbyists and lawmakers have conceded that rewriting the corporate tax code will be a long slog.
Tackling personal tax rates will be easier, many argue. Looking for an easier legislative win ahead of the 2018 midterm elections, most lawmakers in the Republican majority want to cut individual incomes taxes. President Donald Trump has been pushing hard for tax changes this year.
Still, proposed changes to the personal tax code have already stirred opposition from realtors, home builders, mortgage lenders and charities. These groups say proposed changes will hurt home sales and cut charitable contributions
Continue to reuters.com article: http://www.reuters.com/article/us-usa-tax-individual-idUSKCN1AU15I
