Posts Tagged ‘Mitch McConnell’

Will Obama’s Executive Action on Immigration Kill Tax Reform? Hint: You Can’t Kill Something That’s Already Dead

The latest narrative making the rounds in Washington is that President Obama will kill prospects for tax reform in 2015 if he grants legal status to undocumented immigrants though an executive order. House Speaker John Boehner (R-OH) and others claim that this step will so poison the well of trust between Democrats and Republicans that […]

Don’t Call It a Comeback… Yet.

Betting on tax reform in the 114th Congress? Consider some insight from TPC’s Bill Gale. GOP control won’t make gridlock  disappear, even if President Obama and Senate Majority Leader Mitch McConnell somehow do get along. The business community is not united on business tax reform. The GOP and the President don’t agree on the treatment […]

The Day After the 2014 Election: Six Things To Watch In the New GOP Congress

Republicans had a very good day yesterday. But can they translate their ballot-box success into a positive legislative agenda? It won’t be easy but here are six clues: Mitch McConnell: He is a brilliant legislative tactician. We know he’ll use those skills to try to outmaneuver Democratic Leader Harry Reid but will he also use […]

And the Winner Is… The GOP. Now What?

The GOP takes control of the Senate. It has secured a majority in the Senate but has far from working control in a chamber where 60 votes are needed to do almost anything. Utah’s Orrin Hatch will become the new chair of the Senate Finance Committee. Alabama’s Jeff Sessions is in line to head the Senate […]

The Illogic of the McConnell Debt Limit Rule

In the aftermath of the recent government shutdown and the painful negotiations that brought the country perilously close to defaulting on government debt, policy experts are searching for a way to avoid a replay of this crisis. After all, the recent congressional agreement only delays the next potential shutdown till January 15 and lifts the […]

A Summer Update on Tax Reform

Over the past week, Washington has been filled with news about tax reform—some reflecting necessary but painful truths and some just bad. In no particular order, here is where reform stands as Congress leaves town for its extended summer vacation: Big rates cuts are very expensive. The congressional Joint Committee on Taxation estimated that Congress would […]

Five Reasons Why the Deficit Super Committee Failed

To the surprise of few, Congress’ super committee is on the brink of failure–unable to agree on $1.2 trillion in budget savings as required by last summer’s debt limit deal. But the panel was doomed from the start. Here are five reasons why: The parties could not bridge their theological differences. Mainstream Democrats believe government should play an important role in the […]

Debt Limit Madness

Let me see if I have this right: Senate Republican Leader Mitch McConnell (R-KY) has effectively embraced the debt limit plan first offered months ago by President Obama. Under the McConnell/Obama scenario, Congress would extend the government’s borrowing authority through next year without agreeing to a dime’s worth of spending reductions or tax increases. As […]