TRUMP’S TAX REFORM STALLS: TOUGH SELL IN WASHINGTON

by RSBN Staff 0




Tax reform may be the most maddeningly complicated Rubik’s cube that Washington tries to solve.

 

There are so many arcane rules and deductions at stake, so many possible combinations of varying rates for businesses and individuals, so many lobbyists swarming around each provision that it’s the mother of all political headaches. There are untold numbers of winners and losers, and they all fight like hell.

 

So I barely blinked when the Trump administration let it be known that it wouldn’t be able to meet the goal of passing tax reform by August. It took Ronald Reagan about two years.

 

But the problem with that timetable is that it may be a long time before the president puts some legislative points on the board, as the upcoming blizzard of 100-day stories will undoubtedly point out.

 

First, of course, Trump was going to repeal and replace ObamaCare. He may go back at that, but the entire effort seems in limbo.

 

He has also raised the possibility of combining tax reform with a big infrastructure package, suggesting a sort of grand bargain with Democrats who would trade spending on roads and bridges for some tax-cut formula that would also help the middle class.

Continue Reading at FoxNews.com