Discussion on Trump Tax Cut Bill and Eliminating Taxes on Tips
House Ways and Means Committee Chairman Jason Smith discusses the next Trump tax cut bill and eliminating taxes on tips in an interview with Breitbart News. The committee is working on crafting the next big tax bill as provisions in the Trump Tax Cuts and Jobs Act are set to expire. Smith emphasizes the importance of the upcoming election and highlights the working-class focus of the Republican Party.
Key Points
- Committee working on crafting next big tax bill
- Provisions in Trump Tax Cuts and Jobs Act set to expire
- Emphasis on working-class focus of Republican Party
Pros
- Focus on helping the working class
- Potential economic benefits
Cons
- Impact of potential tax cuts on government revenue