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Tax Plan Gives GOP Limited Room to Maneuver

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Wall Street Journal: “Republicans face a daunting challenge as their tax plan comes into sharper focus: They are trying to fit more than $5 trillion of tax cuts inside a $1.5 trillion box.”

“In all, the Republicans’ wish list will likely add up to more than $5 trillion worth of tax cuts over a decade, estimates Kyle Pomerleau of the Tax Foundation. Getting it into a budget blueprint that allows for just $1.5 trillion in cuts over 10 years could require paring back ambitions for rate cuts and curtailing long-cherished breaks. It could also mean resisting calls to use the bill to repeal a whole other set of taxes created as part of the 2010 Affordable Care Act.”

Caitlin Owens: Some Republicans want to merge tax reform and health care.

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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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