Home Daily Blitz Why a Firm Believer in Tax Cuts Could Derail the Senate Tax Cut Plan
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Why a Firm Believer in Tax Cuts Could Derail the Senate Tax Cut Plan

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The following is an excerpt from JIM TANKERSLEY | November 18, 2017 | Nytimes.com |

WASHINGTON — On the eve of the House’s vote to pass a far reaching $1.5 trillion tax cut, Speaker Paul D. Ryan of Wisconsin placed a hasty phone call to his state’s senior senator, Ron Johnson, in hopes of resolving an unlikely conflict in his own back yard.

Mr. Johnson had become the first Senate Republican to say publicly that he could not vote for the Senate’s version of the tax bill. During the phone call on Wednesday afternoon, Mr. Ryan, who had campaigned heavily for Mr. Johnson in 2016, posed an essential question, according to the senator: “What are you going to need?”

What Mr. Johnson needs, he said in an interview from Wisconsin on Friday, is for the bill to treat more favorably small businesses and other so-called pass-through entities — businesses whose profits are distributed to their owners and taxed at rates for individuals. Such entities, including Mr. Johnson’s family-run plastics manufacturing business, account for more than half of the nation’s business income, and the senator says the tax bill would give an unfair advantage to larger corporations.

For more visit: Nytimes.com

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