Dems, GOP Weigh Investment in Alabama Senate Race

Dems, GOP Weigh Investment in Alabama Senate Race

At the risk of accusations we are oversimplifying something complex, we again ask: What's wrong with a plan for the long term of keeping what works and what Americans like about the ACA and changing what doesn't work and what Americans don't like?

-Frank Clemente, Americans for Tax FairnessHouse Republicans' vote in support of the proposed budget, Gupta concluded, "is an abdication of that responsibility".

Treasury Secretary Steven Mnuchin had upset some of the NY and New Jersey Republicans with his comments on the tax deduction in a Sunday interview.

The House vote came as the Senate Budget Committee voted 12-11 to approve a slightly different GOP version of the budget outline for 2018; a full Senate vote is expected later this month. So far, so good.

The reason this matters is familiar to every policy wonk in Washington.

Passing the measure in the House and Senate would provide key procedural help for the tax measure because it sets the stage for follow-on legislation that can't be filibustered by Senate Democrats.

"We haven't reformed this tax system since 1986".

Trump has yet to score a major legislative win since taking office in January and is pushing hard for a tax code revamp.

The tax reform framework unveiled by President Donald Trump and Republican leaders in Congress last week would eliminate all federal tax deductions except for the mortgage interest and charitable deductions.

Of particular concern is a provision in the Senate bill that would allow tax-writing committees in the House and Senate the ability to craft a bill that adds up to $1.5 trillion to the budget deficit, providing for significant tax cuts. The plan would then be reconciled with the House budget. The Senate Budget Committee is also moving swiftly, meeting this week to fill in the details of last week's draft.

The Republican leadership in Congress, despite having been given an unprecedented mandate by voters across the country over the past few years, has managed to do nearly nothing it promised.

The solution to such worries is to deliver. "We should be working to reauthorize the Children's Health Insurance Program, which ensures almost 9 million kids get access to care". It's also a clean break from the president, who has vowed not to touch Medicare. However, the National Association of Realtors points out that doubling the deduction would discourage many filers from itemizing deductions - including the coveted mortgage deduction - which could devastate the nation's housing market.

And while the two parties have never liked each other, the new data shows now they don't like each other even more.

In the wake of the ObamaCare repeal effort, voters are looking for results.

"I'd like to see us do tax reform".

Republicans' desire to eliminate the SALT deduction can not blind them to the real world consequences of the legislation they ultimately pass. Tax reform should reduce marginal tax rates sufficiently for everybody so that Orange County taxpayers do not look back on the Obama years as a time when they paid less money to the government.

The difficulties Trump and Republicans are facing on tax reform - and the failure of repeal - both tell the same story: The real cause is the inability to translate the general goals they agree on into serious policies.

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