House Republican leaders are considering proposing another round of tax cuts when they return to work next month. But Maine Sen. Susan Collins says she doesn’t think the Senate will take up another tax cut package.
“I don’t believe that we should. I did not - there were certain inequities in the tax bill we did pass that I would like to see corrected,” Collins says.
Those corrections would include shrinking the corporate tax cut, and using that money to make individual tax cuts permanent, Collins says.
Independent Sen. Angus King says he can’t believe House Republican leaders are even considering another tax cut bill, and is particularly critical of the proposed indexing of the tax on capital gains, which he says would only benefit the wealthiest of the wealthy.
“I can’t believe that they are even discussing that. It is so obviously a gift to the 1 percent," King says. "I think I read an analysis that something like 86 percent of that change would go to the top one tenth of one percent.”
