With the deadline for tax reform slipping, some prominent conservatives are pressing President Trump and congressional Republicans to change course.
Trump and the GOP have been pushing forward with efforts to make tax changes to both the individual and corporate tax systems in a single bill, with
a goal of enacting them by August.
But the late summer target
looks increasingly unlikely, with Treasury Secretary Steven Mnuchin admitting this week that the timeline has become “
highly aggressive to not realistic.”
With Republicans are desperate to notch a big legislative win under Trump, several voices in the conservative world are pushing for a new approach.
In a New York Times op-ed on Wednesday, Steve Forbes, Larry Kudlow, Arthur Laffer and Stephen Moore — cofounders of the Committee to Unleash Prosperity and advisers to Trump’s campaign — argued that
a business-only tax cut bill would be the easiest way for Trump to score a legislative achievement early in his presidency.
They said that Trump shouldn’t tackle comprehensive tax reform in one pass. Instead, Republicans should
first work on a bill that makes tax changes for businesses and includes infrastructure funding to make it attractive to Democrats. They then could tackle individual income tax reform in 2018.
http://thehill.com/policy/finance/329628-gop-under-pressure-as-tax-reform-deadline-slips
