Tax-cut vote called off in House Ways and Means
The House Ways and Means Committee halted a vote on extending most of this year’s tax cuts amid ongoing talks. Chair Al Ullman said Republicans and Democrats weigh splitting the package vs timing for Rules Committee routing. The plan keeps 1975 cuts through 1976 and adds a 2 percent tax credit, with business incentives and credits for child care, while curbing shelters and tweaking minimum tax.