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U.S. NEWS Saturday 4 November 2017
Rep. Tom Reed, R-N.Y., who represents western New York, does
a television news interview on the Republican tax reform plan,
on Capitol Hill in Washington, Friday, Nov. 3, 2017.
(AP Photo/J. Scott Applewhite)
House GOP revises new tax bill,
making it a little less generous
By MARCY GORDON R-Texas, the committee’s
ANDREW TAYLOR chairman, to use to ad-
Associated Press dress concerns by lawmak-
WASHINGTON (AP) — ers when changing the
House Republicans on Fri- bill further next week. The
day quietly made changes Ways and Means panel
to their far-reaching tax begins work on Monday, a
overhaul: Now its tax cuts final bill-writing process ex-
would be less generous for pected to take four days.
many Americans. Brady on Friday called it “a
A day after the GOP un- challenge of a lifetime leg-
veiled its plan promising islatively.”
middle-class relief, the President Donald Trump
House’s top tax-writer, Rep. and the Republicans are
Kevin Brady, released a re- driving to push through a
vised version of the bill that major tax-cutting bill this
would impose a new, low- year to secure a legislative
er-inflation “chained CPI” accomplishment, follow-
adjustment for tax brackets ing their stinging failure to
immediately instead of in overturn and replace the
2023. Obama health care law.
That means more income The Republicans, facing
would be taxed at higher increasing pressure to pro-
rates over time — and less duce a marquee legisla- Time for a time change as US ‘falls back’
generous tax cuts for indi- tive victory before next
viduals and families. year’s elections, are pro- Hawaii, American Samoa,
The change, posted on moting their tax plan as a Guam, Puerto Rico, the
the website of the Ways spark for economic growth U.S. Virgin Islands and most
and Means Committee, re- and a boon to the stressed of Arizona don’t observe
duces the value of the tax middle class. daylight saving time, so
cuts for ordinary Americans Brady, in a statement re- there’s no need to change
by $89 billion over 10 years leasing the revised bill, the clocks in those places.
compared with the legisla- stressed “pro-growth tax re- Daylight saving time re-
tion released with fanfare form that will deliver more turns at 2 a.m. local time
Thursday. jobs, fairer taxes, and big- on Sunday, March 11.
As wages rise, middle-class ger paychecks for people
taxpayers would have across our country.”
more of their income taxed While Trump and House
at the 25 percent rate in- Republican leaders stand
stead of at 12 percent, for united behind the plan,
instance. rank-and-file GOP lawmak-
“The bill’s like a dead fish: ers are divided and com-
The more it hangs out in plaining about its potential
the sunlight, the stinkier it blow to homeowners and
gets,” Senate Democratic the loss of a prized deduc-
Leader Chuck Schumer tion that especially hits WASHINGTON (AP) — It’s people in the United States.
pronounced after word of high-tax states. time for a change in Amer- The shift means it’s lighter
Brady’s change. And Trump is pressuring ica — a time change. Let’s earlier in the morning and
“The more people learn Republicans to repeal a sleep an extra hour to that. darker earlier in the eve-
about this bill, the less health-care law penalty in At 2 a.m. local time Sun- ning. And you’ll get 60 min-
they’re going to like it.” the tax rewrite, a step that day, daylight saving time utes more of shut-eye be-
The change to the plan Brady indicated is political- is ending, and it’s back tween Saturday night and
frees up money for Brady, ly problematic. q to standard time for most Sunday wake-up.