tax reform

Tax Overhaul Not Immune to GOP Infighting
Border adjustment tax among issues that could cause intraparty stress

House Republicans may experience significant intraparty disagreements over their upcoming tax overhaul effort. (Tom Williams/CQ Roll Call)

Republicans have said a tax code rewrite will be easier than the health care overhaul that continues to elude them. Whether or not that proves true, a few intraparty battles likely lay ahead on taxes.

The GOP is united around the goal of a tax code overhaul. Republican lawmakers used Tax Day on Tuesday to highlight their shared vision for cutting tax rates, simplifying the code and spurring economic growth.

Wittman Answers Questions at Public Forum, Constituents Hold Mock Town Hall
Republican congressman says he favors smaller-scale meetings over massive town halls

Rep. Rob Wittman, R-Va., leaves a meeting of the Stafford County Board of Supervisors in Stafford, Va., on April 18, 2017. (Tom Williams/CQ Roll Call)

STAFFORD, Va. — Rep. Rob Wittman provided an update on congressional affairs to the local governing body here Tuesday evening. It was his fifth constituent meeting of the day.

Meanwhile, just over 30 miles northwest in Nokesville, Virginia, citizens held a mock town hall to discuss the congressman’s voting record.

Ep. 47: Why You Shouldn't Count On the Trump Tax Cuts
The Week Ahead

  President Trump has promised big tax cuts but as CQ Roll Call's tax editor Catalina Camia explains a tangled web of interests and Republican disunity in Congress could spoil efforts for the first major tax legislation in 30 years.

Show Notes:

Wounded White House is Uncharacteristically Quiet
Turf war could be brewing on tax overhaul

President Donald Trump, center, pushed hard but came up short on health care. He's now moved on, say senior aides, but the same pitfalls remain for future endeavors. (Bill Clark/CQ Roll Call)

The White House on Monday continued licking the wounds of its first legislative defeat, even as President Donald Trump and his lieutenants gear up for a Supreme Court battle, a government funding fight and a tax overhaul push that will likely be bruising.

Apart from now-familiar contentious moments during the daily press briefing, Monday was eerily quiet at the executive mansion — a departure from the previous two frenetic weeks.

Bipartisan Group Eyes Tax Overhaul for Anti-Poverty Push
Lawmakers renew push for the "Investing in Opportunity Act"

Sen. Tim Scott is part of the bipartisan group pushing for the “Investment in Opportunity Act.” (Tom Williams/CQ Roll Call File Photo)

A bipartisan group of lawmakers is hoping its anti-poverty legislation will become law this year as part of a broader push for a tax overhaul.

“We are teed up for success in this Congress,” Sen. Tim Scott said. “The realistic opportunity for tax reform was not last Congress. It’s this Congress.”

Is Trump Taking Policy Cues From Paul Ryan?
Nod to tax proposal just latest in series of shifts

President Donald Trump, left, shakes hands with Ryan, right, as he arrives on stage while Vice President Mike Pence looks on, at the GOP retreat in Philadelphia. (Bill Clark/CQ Roll Call/Pool)

PHILADELPHIA — In a few short months, Donald Trump has shifted from a candidate who considered Speaker Paul D. Ryan a “very weak and ineffective leader” to a president who seems to be leaning on him to beef up his policy agenda.

A sign of that evolution came Thursday when Trump, speaking before congressional Republicans at their issues retreat here, embraced Ryan’s “border adjustment” proposal to tax U.S. imports instead of exports as a way to pay for his border wall.

Keeping America Competitive for Global Investment
Tax and regulatory reform could give U.S. competitive edge

President-elect Donald Trump's expressed frustration with overly burdensome regulations was a hallmark of his campaign. (Bill Clark/CQ Roll Call file photo)

The recent announcement that Japan-based SoftBank plans to invest $50 billion in the United States and create 50,000 jobs is good news for America’s economic competitiveness, and Washington, D.C. policymakers should take note of it. Foreign direct investment (FDI) in the United States is a powerful gauge of how America is faring internationally. When a global company such as Nestle, Toyota, or Siemens invests here, it is a vote of confidence in America’s economic strength that translates to employment for millions of American workers.

But multinational companies have unprecedented options for investment. Unfortunately, during the past 15 years, America’s share of the world’s FDI has shrunk from 37 percent in 2000 to only 22 percent this past year. The United States has forfeited a huge portion of its share in global investment, and our leaders in Washington need to take decisive action to reverse this trend.

Battle Lines Form Over Popular Mortgage Interest Deduction
Homebuilders, lenders concerned by parts of Trump’s tax plan

House Ways and Means Chairman Kevin Brady of Texas, seen holding a “Make America Great Again” hat after a GOP conference meeting in November, says there is no need to cap popular deductions to offset the cost of tax rate cuts. (Bill Clark/CQ Roll Call file photo)

Homebuilders and lenders are preparing to defend the mortgage interest deduction as the incoming Trump administration and Congress weigh potential adjustments to one of the most popular tax sweeteners.

Treasury Secretary-designee Steven Mnuchin last week raised eyebrows on Capitol Hill and drew scrutiny from business advocates by pointing to potential curbs on the mortgage interest deduction in a CNBC interview.

Ryan Says He and Trump Have Not Discussed Cutting Medicare
Speaker talks about how he and Trump decided to ’let bygones be bygones’

Speaker Paul Ryan, R-Wisconsin, says overhauling Medicare is not Congress’ top priority after President-elect Donald J. Trump takes office and that they haven’t even discussed it. (Tom Williams/CQ Roll Call file photo)

Since the election, Democrats have rung constant alarms about Republican designs on cutting Medicare. But Speaker Paul D. Ryan said Sunday that’s an option he hasn’t even discussed with President-elect Donald J. Trump.

In an interview with CBS’s “60 Minutes,” Ryan said he wants to overhaul Medicare so that benefits will remain for future generations. But overhauling the big entitlement program is not at the top of the legislative agenda, Ryan said.

Ryan on Border Wall: ‘You Have to Have Physical Barriers’
Speaker says he and Trump are ‘on the same page’ on border security

Speaker Paul D. Ryan says he and Donald Trump are “on the same page” with regard to securing the border. (Bill Clark/CQ Roll Call file photo)

While they may not agree on all aspects of immigration policy, House Speaker Paul D. Ryan said Thursday that he and President-elect Donald Trump are “on the same page” on border security. 

“I’m in favor of securing the border. And I do believe that you have to have physical barriers on the border,” the Wisconsin Republican told Fox News’ Bret Baier, when asked if he supports Trump’s plan to build a wall along the southern border. “I will defer to the experts on the border as to what is the right way to actually secure the border.”