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You are here: Home / Budget & Taxes / Bipartisan Deal on Tax Reform Unlikely

Bipartisan Deal on Tax Reform Unlikely

April 9, 2017 at 9:12 am EDT By Taegan Goddard Leave a Comment

Wall Street Journal: “There is, at some level, rhetorical room for agreement. Mr. Trump says middle-class tax cuts are a top priority. House Speaker Paul Ryan (R-WI) says he’s aiming for his plan to be revenue neutral—collecting as much money over the next decade as the current system does. Mix Mr. Trump’s class rhetoric, Mr. Ryan’s budgetary promise and the prospect of spending on infrastructure and there is a recipe for bipartisanship.”

“But so far, those priorities aren’t widely shared among Republicans and GOP plans haven’t matched them… House Republicans haven’t shown in detail how their plan adds up and don’t want to tie infrastructure and taxes together. Lower tax rates on businesses, investors and top earners are a unifying force in the GOP, and many lawmakers are reluctant to give that up to get a deal with Democrats.”

“Even if the White House and Democrats reach a conceptual agreement on taxes, any accord would drive many Republicans away and require the Trump administration and lawmakers to make decisions on hundreds of details.”

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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