House Republicans' Tax Bill
House Republicans advanced a tax bill that staves off a tax hike for most Americans but is criticized for lacking simplicity, fiscal responsibility, and hindering economic growth.
Key Points
- Tax reform is hard in any Congress under any timeline
- Crafted by House Ways and Means Committee Chair Rep. Jason Smith
- Criticism for prioritizing politics over economic growth
Pros
- Staves off a tax hike for most Americans
- Fits within reconciliation revenue instructions
- Keeps American taxpayers with fuller pockets
Cons
- Lacks simplicity
- Falls short of true fiscal responsibility
- Leaves sustained economic growth in the dust
- Prioritizes politics over economic growth