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House republicans reveal gigantic tax package







  Rep. Kevin Brady "/ = [Rep. Kevin Brady] /> </source></source></source></source></picture>
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                " This broad, non-partisan package builds on the economic successes that we still see throughout our country, "said House Ways and Means chairman, Kevin Brady, in a Statement | Alex Wong / Getty Images </p>
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<p>  The House Republicans unexpectedly issued a 297-page tax bill Monday evening that they hope will move during the Congress's Lame-Duck meeting. </p>
<p>  The legislation would Revive a series of expired tax regulations known as "extenders" aimed at disrupting the Tax Reduction and Employment Act, and making a number of changes to the savings and retirement provisions </p><div><script async src=

The story continues below [19659006] Other parts of the bill would reshape the IRS, provide new tax breaks for start-up companies and victims of Kata help stanzas.

The measure meets the opening bid of the House Republicans in negotiations with the Senate. They will need democratic support there to make changes, and the unclear legislature will agree to the terms before moving for the year.

The bill was unveiled just hours after Senator Ron Wyden (D-Ore.), The ranking Democrat in the Finance Committee, accused the House GOP that the GOP had little idea of ​​what exactly it was with the tax want to make the lame duck. His spokesman received the measure later frosty.

"The first time Finance saw Dems was Brady's legislation in his press release," Wyden spokeswoman Rachel McCleery tweeted on Monday night. "There was no communication from his staff, including a hint that something was coming. So you do not bargain. "

In a statement, Ways and Means chairman Kevin Brady (R-Texas) said, "This broad, non-partisan package builds on the economic successes we see in our

"The political proposals in this package are supported by Republicans and Democrats in both chambers," he said.

House Republicans can vote on the proposal this week, and they did not publish a detailed summary of the plan or an official estimate of the cost.

A few days ago, Wyden complained about his colleagues in the House: "They are not negotiating with Democrats. "

" They do not have talks with Democrats and have a package of enhancements or technical fixes. The majority must come to the minority and talk about plans, "he said.

The Bill is released as legislators returning from the Thanksgiving break are already being challenged to delay other legislation at the last minute – from agricultural subsidies to the protection of Robert Mueller's investigations by the Trump administration and Dec. 7

Most extenders involved in the bill act with energy, although House Republicans have also added other temporary provisions that legislators have long since overridden, such as one who kills the tax that is triggered when the mortgage debt is forgiven.

The measure also remedies some past tax deficiencies (1) (115), including those relating to the distribution of Real Estate Investment Trust and certain residential real estate projects.


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