House OKs new bill with higher automobile excise tax schedule

Proposed

Proposed

This came just before Congress adjourned the first regular session of the current 17th Congress and after Mr. Duterte last Monday certified the bill as urgent, meaning both chambers can approve the measure successively on second and third readings, and will not have to do so on separate days as otherwise required by rules.

AFP has been active in opposing the border-adjustment proposal that is part of the tax plan House Republicans' released previous year.

In late April, the administration released the outlines of a tax reform plan that includes steep rate cuts but abandons the border adjustment tax.

The bill, meanwhile, would impose a final tax of 20 percent on lotto winnings P10,000 and higher. While there is broad agreement that the current tax system is broken, there are dramatic differences about what a simpler, fairer tax code should look like. White House officials have not said how the tax cuts in their plan would be paid for but have said they are open to raising new revenue through additional changes to the tax code. "The Republicans are working very, very hard". Even in a GOP-controlled House and Senate, Republican lawmakers could splinter if they are asked to back a plan that many economists and budget analysts warn will increase deficits.

Brat said he has asked during recent House Republican meetings for a vote count on the border-adjusted tax, also known at BAT, "because we can not wait for three weeks and then find out that that is a poison pill and come up $1 trillion short".

Americans for Prosperity (AFP) on Thursday announced that it is launching a six-figure advertising effort urging lawmakers to pass tax reform.

"There's some frustration that there's no Plan B that anybody else has yet developed", Traub said. "I've not seen visible signs that they're closer to a deal than they were a month ago". Among them was Trump's claim that his tax bill was making progress in Congress. After the break, Congress faces deadlines to avert a government shutdown, raise the debt limit and extend expiring programs like the Children's Health Care Program.

The provisions of the bill also exclude hybrids (gas-electric, diesel-electric) or purely electric vehicles from the increased taxes.

The initial ads target 18 House members, including Ways and Means Committee Chairman Kevin Brady, R-Texas, and Reps. "I think he's doing a great job of trying to adjust to new information".

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