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GOP May Change Rules to Allow Longer-Lasting Tax Cuts

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“The push to change congressional budget rules and enact tax cuts for longer than 10 years even if they add to the deficit received more support Thursday as the top Senate tax writer endorsed it,” Bloomberg reports.

Said Senate Finance Chairman Orrin Hatch (R-UT): “It would be better… The 10 years is problematic. I would like to do that.”

“The change would make it easier for the GOP, which controls only 52 of the Senate’s 100 seats, to enact longer-lasting tax cuts without any support from Democrats. Under current Senate rules, any legislation that passes with fewer than 60 votes can’t add to the deficit outside a 10-year budget window, otherwise the tax changes would have to expire.”

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About Political Wire

goddard-bw-snapshotTaegan 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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