Tax Reform Is Not Easier Than Health Care

Playbook: “It might be simpler for the New York, Wall Street-centric Trump administration to understand, because many of them have spent time in finance. But, in Washington, it’s actually harder. First of all, Congress has hardly started the tax reform process. There is deep disagreement among Republicans on the Hill, and between the Hill and the administration. For example, the House — particularly Speaker Paul Ryan and House Ways and Means Chairman Kevin Brady — are hell bent on a border-adjustment tax to help pay for lower rates. Figures in the Trump administration staunchly disagree.”

“There’s absolutely no consensus plan as of now. And the lobbyists have hardly started pounding the pavement. But when they do, there will be millions in advocacy from every business interest in the United States. In fact, because of arcane rules, Republicans don’t even know how they’ll move the legislation. We’re not saying it won’t get done. But it’s not the walk in the park that Treasury Secretary Steve Mnuchin wants you to think it is.”

“The Trump administration is chattering about taking the policy lead on tax reform — coming up with a plan, and telling Congress to pass it. According to the aides and lawmakers we’ve spoken to, that would be a mistake. Congress doesn’t take orders well.”