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What you may have missed in the GOP's new tax bill - ABC News

posted onNovember 4, 2017
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Article snippet: The House Republican tax bill is more than 400 pages, with changes to the country’s tax code both big and small, impacting both the wealthy and the poor. On Friday, House Ways and Means Chairman Kevin Brady, R-Texas, released a so-called “Chairman’s mark,” a substitute amendment, which replaces the bill first introduced Thursday with new text including “technical changes and additional modifications,” according to Brady. It’s this version of legislative text that will be amended beginning Monday. Republicans claim their bill would produce a $1,182 tax cut for a family of four earning the country’s median income. But what else is in the Tax Cuts and Jobs Act? The proposal would allow religious organizations to make political campaign statements “in the ordinary course of religious services and activities” and remain tax exempt. Conservative proponents argue the tax rule infringes on their First Amendment rights, but critics say it violates the separation of church and state. Churches still won’t be able to make donations, but could endorse candidates in the "content of any homily, sermon, teaching, dialectic, or other presentation made during religious services or gatherings." The National Football League, which has become a frequent target of President Donald Trump’s Twitter tirades, is even indirectly targeted for its tax-exempt bonds for professional stadiums. Going forward, those bonds would not be tax-exempt. If the bill becomes law, unborn ... Link to the full article to read more

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