WASHINGTON DC - On Nov. 2, House Ways and Means Committee Chairman Kevin Brady (R-Texas) released a 429-page tax reform bill, entitled: Tax Cuts and Jobs Act of 2017 (H.R. 1). According to the Chairman, the legislation aims to lower business and individual tax rates, modernize U.S. international tax rules, and simplify the tax law,
WASHINGTON DC – Left out of the House Republican draft tax legislation last week was the Electric Drive Vehicle Credit and Michigan Senator Gary Peters wants to get it restored. On Thursday, Peters (D-MI) sent a letter to U.S. Senator Orrin Hatch (R-UT), Chairman of the Senate Finance Committee, urging the committee to preserve the
LANSING - Michigan House Speaker Tom Leonard's unsuccessful 12-hour marathon session to roll back the income tax rate made matters for tax cut proposals more difficult going forward, Senate Majority Leader Arlan Meekhof said Thursday, but the issue of an income tax cut isn't necessarily dead in his caucus. "There's discussion over here but again
