Tag Archives: Tax Reform

Waiting Until January 3 to Sign Tax Reform Would Not Have Delayed a PAYGO Sequestration

by Sam Wice — Saturday, Dec. 23, 2017

In an earlier post, I suggested that Republicans should wait until January 2018 to pass tax reform so that they can delay a Pay-As-You-Go (PAYGO) sequestration.  President Trump appears to have taken this idea to heart and decided that if Congress did not waive the PAYGO sequestration, he would wait until January 3, 2018 to […]

The Gimmick Republicans Could Use to Avoid a PAYGO Sequestration

by Sam Wice — Monday, Dec. 11, 2017

Republicans plan to pass a deficit increasing tax-reform proposal, but the Pay-As-You-Go Act (PAYGO) would require a sequestration, an automatic reduction in spending, if tax reform increased the deficit.  Republicans could avoid a sequestration by convincing Senate Democrats to support legislation lifting the sequestration.  Democrats, however, might not be willing to compromise on an issue […]

Why the End of This Year Is the Worst Possible Time to Pass Tax Reform

by Sam Wice — Friday, Dec. 1, 2017

Republicans hope to pass tax reform before Christmas so that they can go back to their constituents over the Winter Holidays and talk about their accomplishments.  However, because of the Pay-As-You-Go Act (PAYGO), passing tax reform at the end of the year would be the worst possible time to pass tax reform as it would […]

What Republicans Could Do If Tax Reform Fails

by Sam Wice — Friday, Nov. 17, 2017

To avoid a Senate filibuster, Republicans are using the reconciliation process to pass tax reform.  As part of their reconciliation instructions, Republicans allowed tax reform to increase the deficit by up to $1.5 trillion over the next ten years.  Even though tax reform can add to the deficit over the first ten years of the proposal, […]

How House Republicans Could Prove that They Won’t Increase Taxes on the Middle Class

by Sam Wice — Wednesday, Nov. 1, 2017

House Republicans plan to release the full details of their tax-reform proposal tomorrow.  If Republicans follow their prior framework, they will propose a 2% tax increase on individuals in the 10% and 33% tax brackets.  If House Republicans want to prove that their tax-reform proposal would not be a tax increase on the middle class […]