Congressman Holding and Chairman Brady on the need to get rid ...Stephen Kish, It means 9 million overseas Americans didn't get anything in the House version of the Tax Cuts and Jobs Act. However, both Congressman Holding and Chairman Brady recognized that CBT is inconsistent with the current territorial taxation for corporations as well as U.S. firms competitiveness overseas. As a result, they pledged to continue to explore. It does demonstrate the commitment from Chairman Brady to get this done. Again we need to focus on the Senate side since this fight is far from over.
Posted by Republicans Overseas on Thursday, November 16, 2017
Congressman Holding recognizes the need to move away from CBT on the House floor
Both Congressman Holding and Chairman Brady recognized that CBT is inconsistent with the current territorial taxation for corporations as well as harming U.S. firms’ competitiveness overseas. As a result, they pledged to continue to explore moving away from CBT. This demonstrates the commitment from Chairman Brady to get this done. We now need to focus on the Senate tax bill since this fight is far from over.