“As we pursue long-term tax reform, we need something immediate,” House Ways and Means Committee Chairman Dave Camp of Michigan said at the news conference. He said he plans for the panel to vote on the measure by the end of next week.
Camp said the tax break, if enacted, would be allowed to expire after a year.
“This 20 percent deduction is something that will be immediate to” small businesses, he told reporters later. “It’s clear. It’s simple. They’ll be able to take advantage of it.”
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