The Glasshouse Report

Friday, November 3, 2017

Rand Paul: Have to Cut Taxes on Top 1 Percent or It’s Not a ‘Significant Tax Cut’


By LifeZette, Nov. 02, 2017

Sen. Rand Paul (R-Ky.) said Thursday on “The Laura Ingraham Show” that the House’s tax plan will deliver economic growth, although it doesn’t really constitute “a significant tax cut” as President Donald Trump said it would.

The House’s watered-down Tax Cuts and Jobs Act, released Thursday, would reduce the number of income tax brackets to four, with rates of zero percent, 12 percent, 25 percent and 35 percent. In addition, the corporate tax rate drops from 35 percent to 20 percent — short of the 15 percent tax rate Trump championed on the campaign trail, but still a significant change.
Read More: http://www.lifezette.com

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