Month: March 2017
How Tax Reform Will Unfold

In evaluating where the White House and GOP congressional leaders will focus their efforts following the demise of Trump-Ryan health care reform, consider the following: $1 trillion in new infrastructure spending is a heavy lift due to significant conservative opposition to new spending and few indications of a move toward bipartisanship; and the White House budget plan calling for $54 billion in defense increases, offset by cuts to widely supported domestic programs, is a non-starter because adjusting the spending caps and enactment of Appropriations bills both require 60 votes in the Senate.

Therefore, tax reform is likely to be next in the legislative queue. White House and GOP Congressional leaders are likely to begin Tax Reform this Spring using the FY 2018 congressional budget process, to take advantage of Budget Reconciliation’s filibuster-proof fast-track in the Senate. Here’s how it works and what may be included in the tax bill...

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