The chances for such a thing are slim to none….
A half of year later?
The first Trump/Republican tax cut/give away law , passed at the end of 2017, is NOT viewed as a favorable thing for a growing number of Americans….
A dozen House Republicans, all but one of them from the high-tax states of California, New Jersey and New York, voted against the tax law in December because it capped state and local tax deductions, which they said would lead to tax increases on too many of their constituents.
Some of those GOP lawmakers have openly said they would prefer to leave the tax issue alone as Congress also grapples with how to fund the government and the House potentially votes on health care measures that might be more politically beneficial to vulnerable incumbents. “If we were to pass that here in the House, it would be an exercise in futility, because it could never pass in the Senate,” Rep. Leonard Lance of New Jersey, who opposed the first bill, said Friday on CNBC.
Top House leaders will unveil the second tax overhaul bill this week. Drafted by House Ways and Means Chairman Kevin Brady (R-Texas), the bill proposes to make permanent individual tax rate cuts from the Republicans’ first tax bill, while introducing new measures intended to help families save money, especially for retirement, and to spur innovation for businesses.
House leaders and White House officials hope it can at least pass through that chamber before the election. The Senate is not expected to take up the bill in 2018 given the focus on speeding through judicial nominations and a Supreme Court confirmation — and because Majority Mitch McConnell (R-Ky.) simply does not have the votes to pass a second tax bill.
Republican leaders “certainly directed us from the get-go to be ready to move this in September,” Brady told reporters last week. “It’s full steam ahead.”
GOP officials have long acknowledged that they couldn’t pack all of their priorities into a measure that eventually become last year’s $1.5 trillion tax cut, because no Democrats supported the bill. They passed it with a slim margin of votes using a budgetary measure called reconciliation, which required only a simple majority in the Senate, and have long wanted to revisit the bill’s tweaks to the individual side of the tax code. Those changes are scheduled to expire after 2025, while the corporate tax changes became permanent under the new law…..