‘Billions for Billionaires’ Bill Going Nowhere Fast or Slow

The Republican Party Takes Flight

Hey guys, remember about 4 days ago when we said that the Billions for Billionaires bill was another Kobayashi Maru for the Republicans?

Tiger Beat on the Potomac (thanks Charlie!) morning email thingie tells us (emphasis mine):

CRUNCH TIME ON TAXES — “GOP lawmakers struggle to close gaps in tax plan,” by Bernie Becker, Aaron Lorenzo and Seung Min Kim: “Top congressional Republicans, racing to hammer out a final tax agreement by the end of the week, have yet to make any breakthroughs on a range of key issues. House and Senate negotiators bounced proposals back and forth over the weekend, but said Monday that they still had to find compromises on where to set the corporate tax rate, how to treat millions of businesses that aren’t set up as corporations and how much of a deduction to allow for state and local taxes.

“‘We speak of little else these days,’ said Senate Majority Whip John Cornyn (R-Texas). On the House side, Ways and Means Chairman Kevin Brady (R-Texas) deflected questions about a slew of potential trouble spots, also including the estate tax, the Alternative Minimum Tax and the fate of an existing law barring churches and other tax-exempt groups from openly politicking. Asked Monday what differences the House and Senate had resolved, Sen. John Thune (R-S.D.) responded: ‘Well, nothing really.

“‘I don’t think you can say at this point anything is really nailed down,’ added Thune, a member of GOP leadership and the tax conference committee working to settle the chambers’ differences. ‘But I think the way it’s shaping up right now, I feel like we’re getting pretty close, and every time that we have an exchange of offers the differences are narrowing.’”

As we noted in another post this morning: the Alabama election is today and the victor will be seated after December 20. This means that Sen. Luthor Strange’s vote will be going away to be replaced by Jones or Moore. Republicans are gonna be in full panic mode the longer this thing takes.

This entry was posted in tax reform, Taxes. Bookmark the permalink.

4 Responses to ‘Billions for Billionaires’ Bill Going Nowhere Fast or Slow

  1. roket says:

    Republicans govern by dissent and not by compromise. Don’t bother trying to tell them though. They’re unable to see it.


  2. McConnell is threatening not to seat the victor until the end of the election cycle; avoid Doug Jones voting or the Roy Moore cartoon, and cementing in Strange’s vote. Given the Garlanding, I wouldn’t doubt that he is going this way.


  3. Pingback: The New Math | Mock Paper Scissors

Comments are closed.