Friday, July 14, 2017

The Invisible Cuts

Whatever happened to tax cuts?
“We’re almost at the 200-day mark,” Meadows said during a “Conversations with Conservatives” event today on Capitol Hill. “It’s not a good story.”

Meadows said Republicans would not be able to pass a tax reform package if they wait to begin the legislative process in September.

“I think we may need to move it up sooner. If we are waiting until September that means we will not get tax reform, guys, if we’re waiting until September. You guys have all been around. If we wait until September that means that we get legislative text maybe in October, that means that we maybe get it out of here if it’s fast-tracked by the end of October, which means that it goes over to the Senate and it sits there,” Meadows said.

“There’s zero chance that gets enacted into law before the end of the year. I think the tax cut needs to be retroactive so we get the economy moving right away,” he added.
The problem with putting something away for another day is that another day comes soon enough...

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