tax

Tax bill called ‘unacceptable,’ some provisions ‘unconscionable’

WASHINGTON — The Tax Cuts and Jobs Act of 2017 "is unacceptable" as currently written and it "contains many fundamental structural flaws that must be corrected," stated the chairmen of three committees of the U.S. Conference of Catholic Bishops.

In a letter Nov. 9 to U.S. House members, the three bishops called for amendments to the current draft of the tax reform bill "for the sake of families" and "for those struggling on the peripheries of society who have a claim on our national conscience."

Concern rises over impact of expected tax cuts on programs for the poor

WASHINGTON — Tax policy is not a simple matter. It almost never has been and may not ever be.

Still, Congress is trying to simplify the tax code to deliver on President Donald Trump's campaign promise to cut taxes for the middle class.

Working under the "Unified Tax Reform Framework" introduced by congressional leaders Sept. 27, efforts are underway to reduce the number of tax brackets, resulting in a tax cut for most Americans, and to incorporate numerous other provisions that some observers say primarily benefit the country's top wage earners and largest corporations.

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