GOP Seeks Inflation-Indexed Tax Breaks
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Tax CutsWashington Examiner
•Business
Business & Economics
Republicans look to inflation-proof tax breaks
79% Informative
Prices have risen 21% over the past four years , and nearly 28% since the Tax Cuts and Jobs Act .
Some Republicans are trying to extend and expand the tax cuts through reconciliation.
The child tax credit does not increase to account for inflation.
Republicans are likely to be interested at least in boosting the credit to reflect its diminished value.
Inflation will likely weigh heavily on Republicans ' thinking as they try to extend and build off the 2017 tax cuts.
The Washington Examiner asked Rep. Nick LaLota (R-NY), a prominent proponent of lifting the SALT cap, whether there is anything else he would want to see indexed to inflation.
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