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MI HR0219
Resolution
Status
1/10/2018
Primary Sponsor
Terry Sabo
Click for details
AI Summary
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Urges U.S. Congress to reject the current federal tax reform proposal under consideration.
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Argues the proposal provides little benefit to working families struggling with basic needs and would exacerbate economic hardship during recovery from the Great Recession.
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Warns the proposal would reduce charitable donations by an estimated $13 billion, harm nonprofit agencies and churches, and negatively impact health care and education through loss of deductions.
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Claims the proposal disproportionately benefits wealthy individuals and corporations through estate tax cuts and corporate tax rate reductions while eliminating the state and local tax (SALT) deduction.
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States nonpartisan analyses show the proposal would increase the federal deficit by over $1 trillion over ten years and was poorly vetted with hidden provisions.
Legislative Description
A resolution to urge the U.S. Congress to reject the current tax reform proposal.
Last Action
Referred To Committee On Tax Policy
1/10/2018