Update 176: Trump’s Income Tax Avoidance Plan All of 200 words and 7 numbers, President Trump’s one-pager tax plan released this week generated scores of lengthy news articles and analysis in the last three days, each pounding out the rates, revenues, arrears and the ramifications of this bare-bones proposal. Given the limited scope of the …
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 …
Recess Recap Trump's Economic Policy Scorecard (Apr. 6) Read More »
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 …
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 …
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 …
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 …
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, …
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 …
