Blackburn: We’re Going to Make Marginal Tax Rate Reductions ‘Retroactive to January 1, 2017’

‘It is good when you decrease the taxes on business what you are going to see is a decrease in product costs, an increase in wages, you’ll see an increase in expansion’

EXCERPT:

BLACKBURN: "It is good when you decrease the taxes on business. What you are going to see is a decrease in product costs, you're going to see an increase in wages, you’ll see an increase in expansion. That’s good. The other part of the tax component will be moving the marginal rates down to 33, 25 and 12, which are the three rates that we’re looking at. So you change those brackets and you move that rate down and that allows individuals to go in and reset their withholding because the goal is to make this retroactive to January 1, 2017, when we get it put on the books."

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