If Biden is the President?
Things will be going in one way….
A Republican President would send things WAY differnt…..
Whoever is in the White House in 2025 will quickly face a series of legislative deadlines with impossible price tags: $3.6 trillion in tax cuts and $350 billion in Affordable Care Actsubsidies are expiring — and that’s after the debt limit will need to be addressed again.
Why it matters: The deadlines could force political horse-trading of epic proportions. Alternatively, gridlock or alarm over the nation’s debt may lead to Americans seeing higher taxes and fewer benefits.
The big picture: Republicans’ 2017 tax law and the enhanced ACA subsidies that Democrats first passed in 2021 are signature policy accomplishments for each party. They’re also both extremely polarizing, and became law under party-line votes.
- In the past, the coinciding expiration dates may have been fodder for a grand bargain in which both sides etched out wins — and still could be.
- But the recent debt limit fight showed how even a crisis can barely force Democrats and Republicans to agree in today’s political environment.
- And the 2024 election could very well be a rematch between the same two presidents who signed each measure into law.
- “We’re in a time period in the country where we’re just so deeply polarized, and compromise or actually legislating is not rewarded,” said Chris Campbell, a longtime aide to former Sen. Orrin Hatch.
- “When I was up there, I could have easily mapped out how this would happen…now it’s really uncertain,” he added. “It really will depend on who the president is and it will depend on the margin of either the House or Senate.”
Between the lines: Even one-party control of Congress and the White House wouldn’t necessarily make the process headache-free……