Senate Dems talk bipartisan on taxes - with conditions

Bruno Cirelli
Agosto 2, 2017

"I don't see that happening in the House, even if the Senate passes something", said Adaeze Enekwechi, vice president for policy and analytics at McDermott+Consulting.

It's not the first time the president has threatened to cut off these payments to insurers, which he refers to as "BAILOUTS".

New Jersey Rep. Josh Gottheimer, the Democratic leader of the Problem Solvers Caucus, also acknowledged that their initial proposal "does not attempt to do everything" - but that it's a start.

The Constitution says the government shall not spend money without a congressional appropriation.

Without an actual bill on the table, however, it's impossible to say if he's right. Failing to raise the ceiling could spark a global financial crisis, leading to a stock market crash, a spike in interest rates and a potential economic recession.

Corporate lobbyists and Republicans consistently argue that a cut in the corporate income tax is needed to help corporations be more competitive. "Passing spending bills and raising the debt ceiling must be done".

The Democrats sent the letter to Mr. Trump, Senate Majority Leader Mitch McConnell, and Senate Finance Committee Chairman Orrin Hatch.

"This is about creating a fair tax system that's good for the average, middle class person", said Mnuchin, who pledged that once the administration and Congress is done, almost every taxpayer would be able to fill out his or her taxes on a postcard.

McConnell noted not all Democrats have come out against working across the aisle, telling reporters he would welcome their support.

"Most of the principles that would get the country growing again, they're not interested in addressing", the Kentucky Republican told reporters. That dynamic has not changed, and Democrats believe they still have significant leverage in any negotiations on the borrowing limit. White House officials have said Trump will decide this week on the August installment.

"We have a governor who's sticking to the political message that Obamacare is a disaster, but being cautious because more than a quarter-million New Mexicans have received health insurance under the law's Medicaid expansion program", said Sanderoff, who is also the president of Research & Polling Inc. They take 60 votes to end.

Lawmakers could approve a short-term spending bill to give themselves more time to negotiate, but that would further postpone any tax discussions because Congress would remain consumed with the budget.

But finding agreement on tax reform is notoriously hard.

White House legislative director Marc Short said Monday that he wanted everything to be wrapped up by November.

"We will have success", Mnuchin said.

But McConnell rejected the offer from 45 lawmakers led by Senate Democratic leader Chuck Schumer.

Senate Democrats on Tuesday said Republicans need to abandon any plans to cut taxes for the wealthy, and that they should not leverage fast-track budget rules to overhaul the tax code or pass a package that adds to the deficit if the GOP has serious designs on winning Democratic support for tax reform.

Less than an hour later, McConnell poured cold water on that idea, saying that it was unlikely many Democrats would seek to work with Republicans and that they planned to forge ahead on their own if necessary.

Republican leaders in the U.S. Senate announced Tuesday that they would use a reconciliation process - requiring only a simple majority - to address their next big agenda item, refashioning the U.S. Tax Code. Both will be curtailed sharply if Congress doesn't act.

"You're basically starting the conversation off at a hard no", Scott said. "It needs to get everybody's attention when they focus". In the seven years since the GOP has maintained the majority in congress, McConnell has got nothing passed. Republicans still haven't resolved key differences among themselves on the tax cut plan, such as its size and whether it should be temporary or permanent.

Altre relazioni OverNewsmagazine

Discuti questo articolo

SEGUI I NOSTRI GIORNALE