Fine Print in the GOPs Budget Would Help Rush a Tax Cut Through Congress
By Erik Wasson
Buried in the fine print of the newly released Senate Republican budget: language making it much easier to rush a tax cut through Congress.
The budget would erase a Senate rule requiring a full Congressional Budget Office estimate of the cost of the legislation at least 28 hours before a vote. It would get rid of a provision that required a Senate budget reconciliation bill to reduce the deficit by at least as much as a House reconciliation bill. That language caused headaches for Republicans during their failed Obamacare repeal effort.
"They learned some lessons from Obamacare repeal and they are doing this in order to rush deficit-increasing tax legislation through," said Ed Lorenzen, a senior adviser for the nonpartisan Committee for a Responsible Federal Budget.
The budget allows tax legislation to increase the deficit by $1.5 trillion over ten years and would also waive Senate rules that would have required those deficit increases be offset by spending cuts. If the tax cuts are enacted, a separate "paygo" law would require the White House budget office to impose automatic spending cuts to pay for the tax cuts. Congress would need to include language in the tax bill to turn off those cuts, Lorenzen said.
more
https://www.bloomberg.com/news/articles/2017-09-29/budget-fine-print-would-help-rush-tax-cut-through-u-s-congress
Or is that Russian a tax cut though congress...
= new reply since forum marked as read
