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Why Did the White House Kill Harry Reid’s Tax Deal?

December 2, 2014 · 9:39 am ET · 44 Comments

“The White House worked closely with liberal House Democrats last week to torpedo a tax deal that Senate Majority Leader Harry Reid (D-­Nev.) was negotiating with Republicans,” The Hill reports.

“The unusual move to kill a Reid­-backed proposal has raised suspicions among Senate negotiators about the White House’s motivations. They believe President Obama’s team is eyeing a broad corporate tax reform deal in 2015, when Republicans will control the Senate and the House.”

Budget & Taxes Harry Reid, tax reform

GOP Hopes Fade on Tax Reform

November 17, 2014 · 8:13 am ET · 7 Comments

“Less than two weeks after Republicans won control of Congress, acrimony over immigration is dampening hopes for cooperation on more ambitious initiatives, with President Obama and GOP lawmakers bracing not for compromise but for combat,” the Washington Post reports.

“Obama has been promising to cut the nation’s corporate tax rate, the highest in the world, for nearly three years. And with a rash of companies moving abroad to escape U.S. taxes, many Republicans see action on that issue as critical to both the economy and their political fortunes in 2016, when more than 20 GOP senators will be up for reelection.”

“However, lawmakers say that instead of engaging with Republicans, Obama has provoked them on a range of issues, most explosively his threat to unilaterally halt deportations of millions of undocumented immigrants. And instead of starting work on tax legislation that would be politically and substantively challenging under the best circumstances, Republicans are threatening another bitter partisan showdown that risks shutting down the government.”

Budget & Taxes tax reform

Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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