Andrew Egger: “There have been three driving forces behind this bill. The first has been the ‘pass something or everyone’s taxes go up’ pressure created by the soon-to-expire 2017 Tax Cuts and Jobs Act. The second has been President Donald Trump, who took a shine to the simplicity of slamming together a bunch of things he wanted done into a single package and who has imposed an artificial deadline of July 4. And the third is the Senate’s utterly dysfunctional procedures surrounding the filibuster, which make it basically impossible for majorities to pass new laws unless they get significant minority buy-in or glue them together into a ‘budget reconciliation’ package that doesn’t need 60 votes.”
“What we’re left with is a bill that’s bigger than big and anything but beautiful. Although maybe it overstates it to even say we have a bill. As the Senate barrels to a vote (we think) they’re still crafting the actual text of the legislation. There will be no hearings, no comprehensive analysis, and certainly not enough time to read the thing. Whether it will pass now depends on whether Senate leaders can find a sweetener good enough to woo one of the four remaining Republican holdouts. Would any other institution operate in this way?”
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