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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGOP's Biggest Ideas for Tax Reform Are Dead
May 29, 2017 By Taegan Goddard
The boldest ideas for changing the nations tax code are either dead or on political life support, as the Republican effort in Congress to reshape the tax system moves much more slowly than lawmakers and their allies in business had hoped, the Wall Street Journal reports.
The clear winner, so far, is the status quo.
Republicans, who control both chambers, are scouring the tax code, searching for ways to offset the deep rate cuts they desire. But their proposals for border adjustmentwhich would tax importsand for ending the business interest deduction and making major changes to individual tax breaks for health and retirement have all hit resistance within the party. The only big revenue-raising provision with anything close to Republican consensus is repealing the deduction for state and local taxes, and that idea faces objections from blue-state lawmakers in the party.
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https://politicalwire.com/2017/05/29/gops-biggest-ideas-tax-reform-dead/
Gothmog
(145,321 posts)maxrandb
(15,334 posts)Wounded Bear
(58,666 posts)safeinOhio
(32,688 posts)Some are rejecting the Gospel according to John Galt.
Johnny2X2X
(19,066 posts)They are absolutely clueless. Tax reform should have been a slam dunk for them and if Trump had targeted it rather than Obamacare they should have been able to pass something his first week in office. 4 months in and he is an extremely weak and damaged President and he won't be able to get anything through.
Johonny
(20,851 posts)...