Big Six remain divided over basic elements of tax reform

[brooklynite]

Source: Politico

The "Big Six" are deeply divided over how to rewrite the tax code, including how to finance long-promised cuts in individual and corporate rates.

Though House Republicans are promising to release a plan the week of Sept. 25, the top congressional and administration negotiators remain at loggerheads over a number of items, including plans to reduce a deduction for state and local taxes, as well as one for corporate interest expenses.

“Right now, the Senate and the House are pretty far apart,” said one Republican aide. “There’s serious frustration.”

Senate Finance Chairman Orrin Hatch (R-Utah), himself a member of the Big Six, fired a warning shot Thursday, saying his panel will not be a "rubber stamp" for whatever is proposed.

Read more: http://www.politico.com/story/2017/09/14/trump-tax-reform-big-six-242719

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Paging Chuck Schumer...

[genxlib]

1. "how to finance?"

I thought tax cuts pay for themselves?

Don't kid yourselves. They aren't going to "finance" them at all. They are going to play fast and loose with the numbers and declare it the best deal ever.

Then they will find some way to blame liberals when it doesn't work.

[Scarsdale]

2. The Big Six?

Exxon, Goldman Sacks, Breitbart, Fox Snooze, Deutche Bank, and last but not least Netanyahoo.