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Congressional Recess Primer: Tax Reform


Today, as we check the math one more time on our tax returns (and wonder if we'll ever have an opportunity to check Donald Trump's), Indivisible: Conejo offers a timely installment in our Congressional-recess look at issues that will dominate political discussion during the coming months.

Today's topic: Tax Reform. Trump and Republicans are gearing up for a major push at tax reform this spring and summer, hoping to resolve an issue that has perplexed both parties for many years. They sense an opportunity to achieve long-cherished conservative goals: a lowering of corporate tax rates (on the pretext of making American companies more competitive globally) and another massive tax cut for the wealthiest Americans.

They'd like to do all that via "reconciliation" -- without needing Democratic votes to overcome a filibuster -- but those hopes were complicated by their failure to replace the Affordable Care Act last month. Democrats, meanwhile, are debating whether to offer ideas, assistance and/or opportunities for compromise, or whether to let Republicans navigate these treacherous waters on their own.

The coming months will feature debates over issues such as: What is the difference between permanent tax "reform" and temporary tax cuts, and why are Republicans more likely to achieve the latter than the former? What is a "border adjustment tax," why do Republicans see it as the foundation of their efforts ... and why do economists fear it will raise consumer prices? What impact will tax reform have on Trump's businesses and wealth, and how is that question a factor in the specific policies he's pushing? And, of course -- can these Republicans govern at all?

Preliminary answers to these questions and more can be found by following the links below:

Can Trump and Congress Solve the Rubik’s Cube of Tax Reform?http://ow.ly/l77w30aQ0qn

Can the GOP Actually Pass Tax Reform? (Probably Not) http://ow.ly/l1ox30aQ0RZ

Tax Reform Is Hard. Tax Cuts Are Easy. http://ow.ly/lt0G30aQ0yE

Democrats' Conditions Make Bipartisan Deal Unlikely http://ow.ly/2N1q30aQ0Mq