Republican Hopes for Rewriting Tax Code in 2017 Are Fading
Source: New York Times
WASHINGTON Only two months ago, Republicans in Congress and President Trumps top economic advisers were confidently predicting that a sweeping rewrite of the tax code would be in hand by summers end.
But with the White House consumed with constant upheaval, Congress facing the prospect of myriad investigations on top of its delayed duty to fund the government, and health care legislation still grinding through the Senate, those hopes have faded. Even with the less ambitious plan of just tax cuts not a tax overhaul the new mantra in Washington is Maybe next year.
I think people are beginning to settle in and come to the realization that this is going to be a long ride, said Ken Spain, a former National Republican Congressional Committee spokesman who lobbies for businesses on tax issues. The hope was to get something done by the end of 2017, but this could slip to 2018.
Members of Congress have quietly started to modulate their ambitions. Senator Mitch McConnell, Republican of Kentucky and the majority leader, said on Tuesday that passing tax cuts this Congress was more likely than revamping the tax code this year. Representative Kevin Brady, Republican of Texas and the chairman of the Ways and Means Committee, who still hopes to get something passed in 2017, has stopped publicly setting monthly goals.
Read more: https://www.nytimes.com/2017/05/17/us/politics/tax-code-republicans-ryan-mcconnell.html?partner=rss&emc=rss&smid=tw-nytpolitics&smtyp=cur
Honeycombe8
(37,648 posts)I hope the year passes without that unfair tax bill passing.
not fooled
(5,801 posts)It'll take longer before you can pick over the carcass.
You'll just have to be content for now with the massive looting you've been doing for the past few decades.
turbinetree
(24,701 posts)BumRushDaShow
(128,979 posts)They spent 8 years tearing apart the careful work of Democrats and now that they are "in charge", they have no idea where to begin and what to do, and they are not going to get any help from our side.