Question

State your opinion on US congresses recent tax cuts, specifically Congress passed a bill to cut tax before 2018. Elaborate on your opinion and support with citations.

Answer 1

To limit the size of the tax cut to $1.5 trillion over a decade, House tax writers included a five-year expiration of a new $300 parent tax credit that is meant to help ensure that middle-class families don’t see tax increases under the legislation.

But Republicans don’t actually intend for the credit, or several other expensive provisions, to expire. Rather, they didn’t want the revenue lost by the credit to be calculated in the bill and will count on lawmakers reinstating the credit in the future.