Wednesday, September 13, 2017

Having given it great thought


For a month or two, the Republicans in Congress hope to bring forth an overhaul of the tax code without too many people rolling on the floor laughing.A most difficult task given that their plan will largely be a paste up of every bad fiscal idea ever put forth by their paymasters.
The Trump administration and Republican leaders of Congress will jointly release a detailed framework of their plan to overhaul the tax code during the week of Sept. 25, with legislation ready for congressional committee action in the second half of October, Republican tax writers said Wednesday.

Representative Kevin Brady of Texas, the Republican chairman of the Ways and Means Committee, briefed House Republicans on the ambitious timeline on Wednesday, offering the most explicit map to enact a tax plan after months of broad principles and missed deadlines.

“The stakes are higher than ever that we deliver this year,” Mr. Brady said, according to a person in the room who requested anonymity to release details about the closed-door meeting.

President Trump, the leaders of the House and Senate tax committees, and the leaders of both congressional chambers have placed an enormous bet that they can rewrite the tax code by the year’s end. On Wednesday, the president tied the effort to recovery from Hurricanes Harvey and Irma.

Mr. Brady said at the meeting that the plan was for the budget process to be completed in the House and Senate by mid-October.

“No budget, no tax reform,” Mr. Brady said, trying to raise pressure on hard-line conservatives who have said they would not support a budget plan before seeing the details of the tax overhaul.

Some Republicans have been unhappy with the process used to craft the tax package, which has included regular negotiations among Mr. Brady, Senator Orrin Hatch of Utah, Speaker Paul D. Ryan and President Trump’s top economic advisers, Steven Mnuchin, the Treasury secretary, and Gary Cohn, director of the National Economic Council.

Mr. Brady explained that developing a unified plan with this working group was necessary after the failed effort to repeal the Affordable Care Act. He said that the House and Senate would follow regular procedures to move the legislation through the Ways and Means Committee and the Senate Finance Committee this fall.

The timeline, which most experts have suggested seems to be overly ambitious, comes as Mr. Trump has been ramping up pressure on Congress to deliver a legislative victory this year.
Another major problem is the refusal of Republican 'leadership' to talk to anyone about what they are doing, a sure fire way to piss off people whose votes they will need. But no one will ever accuse Republicans of having the capacity to govern.

Comments:

Post a Comment

Subscribe to Post Comments [Atom]





<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]