Reality is setting in that with $4.5 trillion for tax cuts in the House budget blueprint, Republicans will have to hunt for offsets in the tax arena – especially if they want to deliver more of President Donald Trump’s agenda.
Here’s some news: The House Ways and Means Committee has had discussions about options like ratcheting up taxes on public companies’ stock buybacks or adjusting limits on deducting executive pay, according to four sources with knowledge of the talks. Plus, proposals such as raising endowment taxes on universities and significant cuts to clean energy tax credits are being viewed as even more likely.
Here’s more on offset options that we hear Ways and Means is looking at:
