Will something resembling the Wyden-Smith agreement on Tax Reform become law in the 118th Congress? | Manifold

Will something resembling the Wyden-Smith agreement on Tax Reform become law in the 118th Congress?

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Jan 21

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This seems like an incredibly good agreement, and it's supported by the key chairs in both houses/parties.

https://www.finance.senate.gov/chairmans-news/wyden-smith-announce-agreement-on-tax-framework-to-help-families-and-main-street-businesses

Resolves based on my judgment, as anyone who pays attention to Congress knows that agreements frequently morph into entirely unrelated zombie legislation. I will probably be fairly lenient, but it should at least substantively address one of the 5 problems listed and come as a result of this agreement.

Supports working families with an enhanced Child Tax Credit
Expands innovation and competitiveness with pro-growth economic policies like R&D expensing
Builds up Main Street by cutting red tape and rebuilds communities struck by disasters with tax relief
Enhances the Low-Income Housing Tax Credit
Eliminates fraud and waste by ending the Employee Retention Tax Credit program

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#🇺🇸 US Politics

#118th Congress

#US Legislature

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