Posts Tagged ‘Paul Ryan’

Is There Any Chance Congress Will Pass Business Tax Reform Next Year?

In the run-up to next week’s congressional elections, Republicans are saying that if they win control of the Senate, they will try to pass business tax reform as part of an ambitious “we can get things done” agenda. Is there any possibility that a GOP-controlled Congress could rewrite the business provisions of the tax code? The chances […]

Cheap Talk, Scoring, and Promises

Congress is in recess through the mid-term elections. The Daily Deduction will post each Monday until then.  Counting devices before they hatch? Should the GOP take the Senate in November, medical device makers may see a renewed push to repeal the 2.3 percent excise tax on their products. The tax is an important financing component […]

Ryan and Lew Both Object to JCT Scoring of Future Tax Reform

Like a couple of baseball managers working the umpires before a big World Series game, Treasury Secretary Jack Lew and Representative Paul Ryan (R-WI), who wants to be the next chair of the House Ways & Means Committee, are looking to change the way Congress scores tax reform even before Congress begins a rewrite. Ryan […]

Pressure, Power, and a New View on Cuts

Congress is in recess through the mid-term elections. Read the Daily Deduction each Monday until then.  Apple’s new products might not bend, but its tax deals are under some pressure. Later today, the European Union’s European Commission is expected to release its opening decision on Apple’s 1991 and 2007 deals with the Irish government: They […]

Will Tax Reform See Light at the End of the Next Tunnel?

Jack Lew on corporate inversions: “Action is going to be taken.” Treasury Secretary Jack Lew says that ”any company considering an inversion is now on notice that there is action that is going to be taken.” Administrative curbs would limit the economic benefits of inversions but only congressional action could solve the inversion problem entirely, […]

House Republicans Punt on Tax Reform

The House Republican budget, released today by Budget Committee Chair Paul Ryan (R-WI), kicks the tax reform can down the road yet again. Not only does it fail to enhance chances for a tax code rewrite, it almost certainly sets the effort back. This budget isn’t so much an actual fiscal plan (the framework for […]

A Tale of Three Agendas: Obama, Camp, and Ryan

Over the past week, three senior Washington lawmakers released foundational documents that describe both their agendas and their perspectives on government. On one level, they paint vastly different pictures. Yet, a close reading also pinpoints some surprising and important areas of agreement—more perhaps than the players would publicly admit. President Obama’s fiscal year 2015 budget […]

The Budget Deal: A Needed Time Out From Washington’s Fiscal Tantrums

House and Senate budget negotiators have reached what can only be called a temporary fiscal truce—if they can convince their congressional colleagues to accept it. House Budget Committee Chair Paul Ryan (R-WI) and Senate Budget Committee Chair Patty Murray (D-WA) hammered out a lowest-common-denominator deal that gives both parties two years of breathing room—and talking points. […]

Could the GOP Boost Tax Reform By Adding the Idea to the Debt Limit?

House Republicans reportedly are considering several ways to add a framework for tax reform to legislation needed to increase the federal government’s borrowing authority. Could such a rider increase the chances of reform happening in the near future? Sadly, no. Indeed, it is likely to bury a tax code rewrite even more deeply in Washington’s […]

Congress Has Not Passed A 2014 Budget, and Probably Won’t

You probably read stories over the weekend about how the Senate passed a 2014 budget just before dawn on Saturday morning, a day after the House passed its version. The Senate action got particular attention since it was the first time in four years that the self-proclaimed World’s Greatest Deliberative Body actually approved a comprehensive […]