Track topics on Twitter Track topics that are important to you
By Amanda Becker and Susan Heavey WASHINGTON (Reuters) - Republicans in the U.S. House of Representatives forged ahead on Tuesday with legislation to reshape the federal tax code, while a top credit-ratings agency said the bill would balloon the budget deficit and give only a temporary boost to the economy. As the House tax committee weighed amendments to a bill that Democrats have blasted as a give-away to corporations and the rich, the Washington tax reform debate was fast shifting to the Senate, where Republicans hold only a slim majority. Senate Republicans are expected to unveil their own tax bill at the end of the week, and early indications suggest it could differ significantly from the House legislation.
Original Article: Republican tax plans gain speed; Fitch warns on deficitNEXT ARTICLE