tax reform

Tax Overhaul Challenges Unified Republican Government
Contentious House provisions spark interest in bipartisan Senate plan

Speaker Paul D. Ryan and Senate Majority Leader Mitch McConnell had planned to pass a tax overhaul by August, a timeline that has slipped amid intraparty divisions. (Bill Clark/CQ Roll Call file photo)

BY LINDSEY MCPHERSON AND JOE WILLIAMS

Republican leaders are applying a lesson learned from health care to the tax overhaul debate: build consensus before releasing a bill.

Freedom Caucus May Push for More Than Tax Overhaul in Next Budget
Reconciliation instructions for overhauling welfare system among issues caucus plans to discuss, Meadows says

Rep. Mark Meadows signs pictures taken of him with constituents to send the constituents as a thank you for their time. (Lindsey McPherson/CQ Roll Call)

ASHEVILLE, N.C. — Members of the conservative House Freedom Caucus are considering a push for broader reconciliation authority in the upcoming fiscal 2018 budget resolution that would allow Republicans to pursue policies beyond a tax code overhaul.

“We believe that writing the instructions more broadly will give us greater flexibility not only to get tax reform but also to address other areas simultaneously,” Freedom Caucus Chairman Mark Meadows said in an interview here Friday.

Tax Overhaul Not Immune to GOP Infighting
Border adjustment tax among issues that could cause intraparty stress

House Republicans may experience significant intraparty disagreements over their upcoming tax overhaul effort. (Tom Williams/CQ Roll Call)

Republicans have said a tax code rewrite will be easier than the health care overhaul that continues to elude them. Whether or not that proves true, a few intraparty battles likely lay ahead on taxes.

The GOP is united around the goal of a tax code overhaul. Republican lawmakers used Tax Day on Tuesday to highlight their shared vision for cutting tax rates, simplifying the code and spurring economic growth.

Wittman Answers Questions at Public Forum, Constituents Hold Mock Town Hall
Republican congressman says he favors smaller-scale meetings over massive town halls

Rep. Rob Wittman, R-Va., leaves a meeting of the Stafford County Board of Supervisors in Stafford, Va., on April 18, 2017. (Tom Williams/CQ Roll Call)

STAFFORD, Va. — Rep. Rob Wittman provided an update on congressional affairs to the local governing body here Tuesday evening. It was his fifth constituent meeting of the day.

Meanwhile, just over 30 miles northwest in Nokesville, Virginia, citizens held a mock town hall to discuss the congressman’s voting record.

Ep. 47: Why You Shouldn't Count On the Trump Tax Cuts
The Week Ahead

  President Trump has promised big tax cuts but as CQ Roll Call's tax editor Catalina Camia explains a tangled web of interests and Republican disunity in Congress could spoil efforts for the first major tax legislation in 30 years.

Show Notes:

Wounded White House is Uncharacteristically Quiet
Turf war could be brewing on tax overhaul

President Donald Trump, center, pushed hard but came up short on health care. He's now moved on, say senior aides, but the same pitfalls remain for future endeavors. (Bill Clark/CQ Roll Call)

The White House on Monday continued licking the wounds of its first legislative defeat, even as President Donald Trump and his lieutenants gear up for a Supreme Court battle, a government funding fight and a tax overhaul push that will likely be bruising.

Apart from now-familiar contentious moments during the daily press briefing, Monday was eerily quiet at the executive mansion — a departure from the previous two frenetic weeks.

Bipartisan Group Eyes Tax Overhaul for Anti-Poverty Push
Lawmakers renew push for the "Investing in Opportunity Act"

Sen. Tim Scott is part of the bipartisan group pushing for the “Investment in Opportunity Act.” (Tom Williams/CQ Roll Call File Photo)

A bipartisan group of lawmakers is hoping its anti-poverty legislation will become law this year as part of a broader push for a tax overhaul.

“We are teed up for success in this Congress,” Sen. Tim Scott said. “The realistic opportunity for tax reform was not last Congress. It’s this Congress.”

Is Trump Taking Policy Cues From Paul Ryan?
Nod to tax proposal just latest in series of shifts

President Donald Trump, left, shakes hands with Ryan, right, as he arrives on stage while Vice President Mike Pence looks on, at the GOP retreat in Philadelphia. (Bill Clark/CQ Roll Call/Pool)

PHILADELPHIA — In a few short months, Donald Trump has shifted from a candidate who considered Speaker Paul D. Ryan a “very weak and ineffective leader” to a president who seems to be leaning on him to beef up his policy agenda.

A sign of that evolution came Thursday when Trump, speaking before congressional Republicans at their issues retreat here, embraced Ryan’s “border adjustment” proposal to tax U.S. imports instead of exports as a way to pay for his border wall.

Keeping America Competitive for Global Investment
Tax and regulatory reform could give U.S. competitive edge

President-elect Donald Trump's expressed frustration with overly burdensome regulations was a hallmark of his campaign. (Bill Clark/CQ Roll Call file photo)

The recent announcement that Japan-based SoftBank plans to invest $50 billion in the United States and create 50,000 jobs is good news for America’s economic competitiveness, and Washington, D.C. policymakers should take note of it. Foreign direct investment (FDI) in the United States is a powerful gauge of how America is faring internationally. When a global company such as Nestle, Toyota, or Siemens invests here, it is a vote of confidence in America’s economic strength that translates to employment for millions of American workers.

But multinational companies have unprecedented options for investment. Unfortunately, during the past 15 years, America’s share of the world’s FDI has shrunk from 37 percent in 2000 to only 22 percent this past year. The United States has forfeited a huge portion of its share in global investment, and our leaders in Washington need to take decisive action to reverse this trend.

Battle Lines Form Over Popular Mortgage Interest Deduction
Homebuilders, lenders concerned by parts of Trump’s tax plan

House Ways and Means Chairman Kevin Brady of Texas, seen holding a “Make America Great Again” hat after a GOP conference meeting in November, says there is no need to cap popular deductions to offset the cost of tax rate cuts. (Bill Clark/CQ Roll Call file photo)

Homebuilders and lenders are preparing to defend the mortgage interest deduction as the incoming Trump administration and Congress weigh potential adjustments to one of the most popular tax sweeteners.

Treasury Secretary-designee Steven Mnuchin last week raised eyebrows on Capitol Hill and drew scrutiny from business advocates by pointing to potential curbs on the mortgage interest deduction in a CNBC interview.