Archive: 12/4/17: Monday
GOP Tax Plan Filled With Special Interest Provisions
The Senate tax bill is stuffed with provisions for special interests. Car dealerships would be able to fully deduct interest on loans, thanks to Sen. Rand Paul, R-Kentucky. Meanwhile, an amendment by Sen. Ted Cruz, R-Texas, allows parents to pay for K-12 private school tuition using tax-free college savings accounts. Republican Sen. Rob Portman of Ohio, where big private jet companies are based, reportedly got them exempted from a levy known as a "ticket tax."