DCCC slams Ways and Means Republicans for tax vote

At Wednesday’s Ways and Means markup, Rep. Xavier BecerraXavier BecerraOvernight Tech: States sue FCC over net neutrality repeal | Senate Dems reach 50 votes on measure to override repeal | Dems press Apple on phone slowdowns, kids' health | New Android malware found States sue FCC over net neutrality repeal Justice Department to appeal court's DACA ruling MORE (D-Calif.) also identified Larry Flynt, Donald TrumpDonald John TrumpDems flip Wisconsin state Senate seat Sessions: 'We should be like Canada' in how we take in immigrants GOP rep: 'Sheet metal and garbage' everywhere in Haiti 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.

The DCCC release was also sent to the districts of Reps. Jim GerlachJames (Jim) 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 (Dave) George ReichertGOP angst over midterms grows New chairmen named for health, tax subcommittees House Foreign Affairs chairman to retire MORE (R-Wash.) and Paul RyanPaul Davis RyanGOP leaders pitch children's health funding in plan to avert shutdown Lawmakers see shutdown’s odds rising Fix what we’ve got and make Medicare right this year 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 Ivan CantorEric Cantor: Moore ‘deserves to lose’ If we want to make immigration great again, let's make it bipartisan Top Lobbyists 2017: Hired Guns 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.