Following is an excerpt from an op-ed by Steve Wamhoff, ITEP director of federal policy, published in The Hill on May 15, 2018.
By now, it’s crystal clear that the Trump-GOP tax law (the Tax Cuts and Jobs Act, or TCJA) benefits corporations and the rich more than anyone else. But Republican leaders are pushing the idea that extending the law’s temporary provisions, which expire after 2025, would amount to a “middle-class tax cut.”
And House Minority Leader Nancy Pelosi (D-Calif.) suggested last week that some of those provisions are not so bad when she tweeted, “Dems want to strengthen the middle class tax cuts & make them permanent.”
It’s unclear exactly what Pelosi has in mind. We do know that a debate over which parts of the law should be made permanent and which should expire as scheduled would be a waste of time … Read the entire oped at The Hill.