On Feb. 11, the House Ways & Means Committee held a hearing titled, “The Disappearing Corporate Income Tax.” In his opening statement, Chairman Richard Neal (D-MA) argued that the 2017 Act was a “massive giveaway to the wealthy and big corporations and provided only modest and temporary relief to hard-working Americans and their families.”
For his part, Ranking Member Kevin Brady (R-TX) argued in his opening statement that “[c]orporate taxes aren’t disappearing, they are growing—more than 12% last year” and that the 2017 Act “created a tax code ‘built for growth’—the growth of jobs, paychecks, and the American economy.”
The hearing featured a panel of four economists. The witnesses’ testimonies are available here.
(Contact: Robert Dibblee at rdibblee@nareit.com)