GOP Tax Reform Effort Unlikely to Succeed This Year

While congressional Republicans optimistically target completion of tax reform by year’s end with a House vote by Thanksgiving at the latest, legislative logistics and the limited timeframe available  -- considering observance of three major holidays in the interim -- make it unlikely lawmakers will achieve a consensus this year. And here’s why. There aren’t enough Republican votes in either the Senate or the House to adopt the plan as is and the compromises facing both sides make quick consensus nearly impossible. Democrats are not about to hand the Trump administration a legislative victory unless the bill evolves heavily in their favor, an unlikely prospect. Add to that the specter of the 2018 election year when retired or about to retire Baby Boomers [...]

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11/3/17 5:45 PM

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