Abraham: Tax Reform Will Pass
Congressman Ralph Abraham says a tax reform package will pass in the next few days. The Republican congressman explained that tax reform was passed by the Congress and now must be approved by the Senate. If approved, the two plans will be merged into a conference bill and will ultimately be sent to President Trump for approval.
Abraham believes the tax overhaul could supercharge the economy and benefit most tax payers by doubling the standard deduction and lowering tax rates.
Opponents of the bill say removing deductions for medical expenses and taxing benefits graduate students receive as income will hurt hard working Americans.