Republicans: US tax reform complicated by Trump deal

Elias Hubbard
September 13, 2017

In an interview with The New York Times, McConnell said he had a hand in the deal Trump cut with Democratic leaders last week that, among other things, suspended the debt ceiling until December 8. "You know you can lobby and you can threaten to vote against tax reform if it comes to that".

Mr. Trump has urged Republicans to "hurry" and reach a deal on taxes as soon as possible.

The president's bipartisan push was already on display last week in North Dakota, where the president made a public show of bringing along the state's Democratic Sen. The passage of a true, significant tax reform bill is the last, best hope for this Republican Congress and this unusual President to claim they should continue to be entrusted with our nation's wellbeing. Trump over the weekend said he wanted to "speed up" the process, but lawmakers insist it's going to take a lot of time and effort to get something passed before the end of the year.

In private talks, Trump advisers are pressing to eliminate or reduce several popular tax deductions, including the interest companies pay on debt, state and local income taxes paid by families and individuals, and the hugely popular mortgage interest deduction. The latter meeting's objective would be to try kick starting an effort to coalesce around the budget proposal for the coming fiscal year.

Moving change through Congress may sometimes require risking a public-relations hit, but it's just insane to fight such battles in the middle of huge natural disasters.

The South Dakota Republican said he's not making any predictions on whether tax reform will happen before the end of the year as there are still big decisions that need to be made.

And that Trump ignored his party's concerns and publicly aligned himself with Pelosi and Schumer-two GOP bogeymen-added insult to injury, particularly when the Republicans are still smarting from its failure to repeal the Affordable Care Act. So, I don't think it's good for the American taxpayer. (Reconciliation allows the Senate to pass a tax bill by 50 votes, but only if the bill doesn't increase deficits after 10 years.) Without a budget baseline, there's no way to evaluate the fiscal effects of changes in the tax code. "So, yes. without the debt limit, we have leverage - leverage in the sense that they need our votes", Hoyer said. "But we're going to get this down to a very competitive level".

Ingraham also pointed to the fiery interview former White House chief strategist Steve Bannon gave with CBS Sunday evening, in which he accused the GOP Establishment of "trying to nullify the 2016 election" and undermine the Trump agenda. Voters want to see him make deals with both sides because Trump's prism and the prism of his base is, "America First".

But the loudest rumblings about the future of Ryan's leadership have been traced to the more conservative factions of the House-namely the right-wing Freedom Caucus and the Republican Study Committee. "I believe tax reform is an appropriate avenue to determine ways we can reward companies that invest in our workers and penalize those shipping American jobs to other countries".

McConnell is right about the debt ceiling.

Other reports by Click Lancashire

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