Taxes

Ryan, GOP Tax Hopes (Jun. 20)

Update 185 — Ryan, GOP Tax Hopes Still Spring Eternal as Summer Starts This afternoon, Speaker Ryan delivered a widely anticipated speech on tax reform before the National Association of Manufacturers. Ryan maintained that 2017 is the year for comprehensive tax reform based on principles of simplification, territoriality, and permanence. He decried America’s relatively high statutory corporate …

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Lights, Camera, Inaction (May 24)

Update 180 — Lights, Camera, Inaction Now Playing: No Country For Tax Reform Lost in the din and clatter of all things Russia last week was a House Ways & Means hearing that showcased the coming attractions of a feature-length Congressional GOP tax production.  But no mention was made of a release date beyond “this …

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Recess Recap Trump's Economic Policy Scorecard (Apr. 6)

Update 172 Recess Recap Trump’s Economic Policy Scorecard As Congress prepares to go on a two-week recess, the Trump administration enters April with has no legislative productivity on big ticket items to its credit, its dreams of passing anything significant before August, a stated tax reform goal, looking remote.   Trump  made many campaign promises …

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Pivot to Tax Policy (Mar. 28)

Update 171 — Pivot to Tax Policy Time to Pass a Bill or Pass the Ball Donald Trump’s presidency is at risk on several fronts.  For our purposes, the most serious of these is the risk of a legislatively stillborn administration.  After  the Trump-Ryan health care brick at the buzzer last week, you might think …

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Unsettling Scores (Mar. 13)

Update 168:  Unsettling Scores The Tax Take on CBO’s AHCA Report The eagerly awaited CBO report on the GOP’s healthcare replacement plan released this afternoon set out what would be talking points, or rallying cries, for Democratic candidates and causes in the 2018 midterms.  As most serious analysts predicted, the American Health Care Act is officially projected …

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Tax Take on Healthcare Bill (Mar. 9)

Update 167:  Tax Take on Healthcare Bill (aka Reverse Robin Hood Tax Care Act)   House Speaker Sen. Paul Ryan’s press conference yesterday about the new GOP healthcare bill oozed enthusiasm for the legislation to replace the ACA, which he referred to as “a collapsing law doing real damage to families every day in America.”   The House …

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Mnuchin's Summer Job (Feb. 23)

Update 164 — Mnuchin’s Summer Job: Tax Reform by July, a Snowball’s Chance? This morning, Treasury Secretary Steve Mnuchin outlined an “aggressive timeline” for passing tax reform, saying comprehensive reform of the U.S. tax code would be signed this summer.   In an interview this morning with Maria Bartiromo, Mnuchin said the administration is aiming …

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The Mnuchin Rule (Feb. 13)

Update 163 — The Mnuchin Rule The Senate voted tonight to confirm Steven Mnuchin, mostly voting by party line.  West Virginia Sen. Manchin crossed the aisle and cast his vote in favor of the ex-Goldman Sachs partner to head Treasury, making it 53-47. As Trump prepares his “phenomenal” tax plan for release later this month, …

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Mnuchin Delineates Econ. Policy (Jan. 20)

In the twilight moment between administrations, the poetry of the campaign inevitably gives way to the prose of governing.  On the eve of the inauguration, testimony of the Treasury Secretary designate is more of a policy position commitment than when he was  nominated in November.  Now it counts. Treasury nominee Mnuchin’s confirmation hearing yesterday before …

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