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Cutting Taxes Is Hard. Trump Is Making It Harder.


Original post: Cutting Taxes Is Hard. Trump Is Making It Harder.

Republicans Passed a Budget Bill. What Does That Mean for Tax Overhaul?

Representative Diane Black, Republican of Tennessee, the chairwoman of the House Budget Committee, seemed to suggest as much in a statement after the Senate vote on Thursday. “In the House, I look forward to swift passage,” she said.When will Republican leaders unveil a full tax bill?Republicans have released a framework for their tax plans, which includes targets for reducing corporate and individual income tax rates, but it leaves major details unspecified. Once the budget is completed, party leaders will move quickly to fill in those blanks, by releasing draft legislation that many lobbyists expect could be as long as 1,000 pages.The House is expected to go first, releasing a bill as soon as the start of November. The Senate could follow soon after with a bill of its own; lobbyists and trade groups expect that bill will differ in some significant ways from the House bill, particularly in the details of international business taxation.Members of the House Ways and Means Committee are huddling next week to debate final, unresolved questions in their bill. Discussions continue among members of the Senate Finance Committee as well. In both cases, Republicans are almost exclusively negotiating with one another, not with Democrats.Newsletter Sign UpContinue reading the main storyThank you for subscribing.An error has occurred. Please try again later.You are already subscribed to this email.View all New York Times newsletters.Will Democrats have any chance to change the bill?Once a bill drops, House Ways and Means members will meet for what is called a markup, where representatives offer amendments Democrats plan to use that opportunity to try to bend the bill more toward cutting taxes for the middle class — by expanding the earned-income tax credit, for example. Republicans might use the process to try to protect specific constituencies, such as taxpayers in high-tax states who claim large deductions for state and local taxes […]

With Few Wins in Congress, Republicans Agree on Need to Agree

Perhaps most important, Senate Republicans have begun to stiffen their spines against Mr. Trump, who has spent the better part of his presidency alternatively ignoring, undermining or outright denouncing the efforts of Congress to legislate. On Thursday, before leaving on a monthlong recess, the Senate set up a system to prevent the president from appointing senior administration officials to posts that require confirmation in the senators’ absence.Among its more notable successes this year, and against Mr. Trump’s objections, Congress passed a tough Russia sanctions bill with a veto-proof majority, which the president begrudgingly signed this week. Congress also approved a law to help veterans get health care — a bipartisan, bicameral, messy but ultimately successful effort that came together with zero involvement from the administration.A complicated debt ceiling fight may be averted now that Mr. Trump’s budget director, Mick Mulvaney, said on Thursday that Congress could lift the ceiling on the nation’s debts without having to make spending cuts in exchange.“There is more good happening here than people know about,” said Senator Bob Corker, Republican of Tennessee. He added that he expected further bipartisan agreement on various policy efforts now that the Senate has dropped the health care battle and Republicans are gaining momentum on a tax package that they desperately need to win. As for the role of the president in all that, “I haven’t thought about it,” he said.Indeed, most of the coming efforts in Congress run counter to what the White House has suggested ought to happen.On the health care front, many lawmakers are already busy figuring out a way to stabilize the individual health insurance market and to fund the cost-sharing subsidies that Mr. Trump has threatened to end.PhotoSenator Bob Corker, Republican of Tennessee, said, “There is more good happening here than people know about.”Credit Al Drago for The New York Times“I had Democrats bombard me right after the health care bill went down on that Friday morning,” said Senator James Lankford, Republican of Oklahoma, speaking of the dramatic 49-to-51 vote in the early hours of July 28. […]

Congressional Budget Office Casts Doubt on Trump Spending Plan

The lack of specifics in Mr. Trump’s plans was also a problem for the Congressional Budget Office […]

Trump Plans to Shift Infrastructure Funding to Cities, States and Business


See original here: Trump Plans to Shift Infrastructure Funding to Cities, States and Business

Betsy DeVos Refuses to Rule Out Giving Funds to Schools That Discriminate


See the original post: Betsy DeVos Refuses to Rule Out Giving Funds to Schools That Discriminate

On Washington: Why Congress’s Bipartisan Budget Deal Should Make Trump Worried


Read the original: On Washington: Why Congress’s Bipartisan Budget Deal Should Make Trump Worried