McConnell Confirms Intent to Use Budget Reconciliation to Pass Tax Reform
Posted on Aug 2, 2017 in News
Senate Majority Leader Mitch McConnell, in response to the Senate Democratic Caucus’s August 1st letter urging bipartisan tax reform, stated that the GOP will need to utilize the reconciliation process to avoid a Senate filibuster. He suggested that the demands set forth by Senate Democrats indicated that they did not share Republican priorities regarding tax reform. However,...
White House Legislative Director Hopes for Bipartisan Support for Tax Reform Bill
Posted on Aug 2, 2017 in News
Legislative Affairs director Marc Short, acknowledging that the reconciliation process leaves little room for error, stated that he is hopeful some Democrats, including members of the Blue Dog Coalition and the Problem Solvers Caucus in the House, as well as red state Democrats in the Senate, will support the passage of a tax reform bill. Short expects that tax reform legislation will...
Senator Hatch Not Optimistic About a Significant Reduction in the Corporate Tax Rate
Posted on Aug 2, 2017 in News
Senator Hatch, Senate Finance Committee chairman, said in an interview that it would be “kind of miraculous” to reduce the corporate tax rate to 25 percent, much less President Trump’s goal of 15 percent, and that Republicans will be lucky to get the rate down at all. He also stated that tax reform success may require gaining Democratic support. Read more: U.S. Senator Hatch says 25...
Senate Democrats Call for Bipartisan Tax Reform
Posted on Aug 2, 2017 in News
In a letter to the President and GOP Congressional leaders, the 45 of the 48 members of the Senate Democratic Caucus urged abandonment of the reconciliation process in favor of bipartisan tax reform. The Senate Democrats stated, however, that they would not support a bill that grants tax breaks to the wealthy or that adds to the deficit and thereby jeopardizes critical programs such...