DCCC slams Ways and Means Republicans for tax vote

At Wednesday’s Ways and Means markup, Rep. Xavier BecerraXavier BecerraCalifornia Dem sworn in as House member after delay Party leaders spar over swearing in of Becerra replacement State politics hold up California's new congressman MORE (D-Calif.) also identified Larry Flynt, Donald TrumpDonald TrumpDon't wait, call your senators and tell them how TrumpCare threatens you OPINION | Dems' ‘new’ agenda? A recycled copy of Trump’s playbook House Intel lawmakers question Kushner for three hours as part of Russia probe MORE and abortion providers as among the potential beneficiaries of the GOP proposal. Rep. Sandy Levin (D-Mich.), the ranking member on Ways and Means, cited a Tax Policy Center analysis that said that those making north of $1 million would get 49 percent of the tax cut’s benefits.

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The DCCC release was also sent to the districts of Reps. Jim GerlachJim GerlachFormer reps: Increase support to Ukraine to deter Russia With Trump and GOP Congress, job creators can go on offense Big names free to lobby in 2016 MORE (R-Pa.), Erik Paulsen (R-Minn.), Tom Reed (R-N.Y.), Dave ReichertDavid ReichertWorking together on children’s healthcare House passes 'Kate's Law' and bill targeting sanctuary cities Time to fix our national parks MORE (R-Wash.) and Paul RyanPaul RyanSenate Dems warn they will block recess appointments Ryan: It's Trump's 'prerogative' to fire Sessions It's time to take a close look at how federal policies affect states MORE (R-Wis.), all of whom the campaign committee sees as potentially vulnerable.

Republicans have said the small-business tax cut, which has been championed by House Majority Leader Eric CantorEric CantorSpecial interests hide behind vets on Independence Day What to watch for in Comey’s testimony Trump nominates two new DOD officials MORE (R-Va.), would give needed assistance to small businesses while policymakers work toward a comprehensive overhaul of the tax code.

GOP lawmakers have pushed a similar proposal in past years. But, unlike those measures, the current $46 billion legislation does not exempt financial services providers, country clubs and professional sports teams, among other industries.

Under the measure, which the House hopes to pass by around the mid-April tax deadline, eligible businesses would get to deduct 20 percent of their 2012 income, and the tax cut would be limited to 50 percent of a company’s W-2 wages.

Senate Democrats have unveiled their own small-business tax cut that would be available to companies that add payroll, either by bringing on new employees or offering raises to current workers.