The Dirty, Swampy Way a Shady Tax Provision Ended Up in the House Tax Bill

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The Dirty, Swampy Way a Shady Tax Provision Ended Up in the House Tax Bill
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So it's pretty clear what happened here: Republicans took a look at getting rid of a very un-MAGA-like loophole- and as Carney noted, there has been the subject of "a bipartisan push for at least a decade to close" it because tax reform inherently involves "Mak[ing] the tax base broader and more equal, while lowering rates." And then Nick Giordano went and lobbied his former close colleague and Rep. Brady's Chief Tax Counsel Barbara Angus to keep it. And the House tax "reform" bill magically kept the provision, which is worth $900 million a year, while scrubbing the measly $300 million-a-year adoption tax credit to "save money."

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