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Tax bill backed by Barrasso, Cheney, Enzi; could have major impact on Wyoming

November 30, 2017 in News

Wyoming’s Congressional delegation is strongly backing a Republican tax plan that would slash corporate tax rates nearly in half while providing more modest and temporary relief to individuals. The House passed its version of the plan earlier this month and the Senate’s version is expected to be voted on Thursday or Friday.

Several analyses have found that the bill would imperil Wyoming’s health insurance market and send most tax cuts to the state’s wealthiest residents while possibly raising taxes on tens-of-thousands of middle-class Cowboy State families and individuals. Public opinion polls show the bill is unpopular, with many Americans concluding the measure would most benefit the rich.

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