GOP faces tough trade-offs on spending and taxes in sweeping bill– www.washingtonexaminer.com
Source Link
Excerpt:
With a budget resolution now in place, congressional Republicans are forging ahead with crafting their major fiscal overhaul. However, leadership is facing some major dilemmas over spending cuts and tax policy.
Republicans are looking to extend the 2017 Tax Cuts and Jobs Act through budget reconciliation, a legislative process that allows bills to bypass the filibuster and pass with only a simple majority in the Senate. They also want to add new tax cuts proposed by President Donald Trump to the mix.
However, given some Republicans’ contradictory desires regarding the fiscal legislation, there will have to be some major trade-offs if the party wants to push through such big tax and spending cuts with the slim Republican majority in the House and demands from Republicans in the Senate.
“I have a very strong feeling we’ve got a lot of problems here that Republicans are going to have to work out between the House and the Senate,” G. William Hoagland, senior vice president at the Bipartisan Policy Center, told the Washington Examiner.
About The Author
