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The Hill: GOP Senate Might Expedite Tax Code Legislation in 2017

Image: The Hill: GOP Senate Might Expedite Tax Code Legislation in 2017

Senate Majority Leader Mitch McConnell, R-Ky. (AP Photo)

By    |   Monday, 12 Dec 2016 03:57 PM

Republican lawmakers might resort to using a procedural process to enact legislation next year that would alter the nation's tax code, Senate Majority Leader Mitch McConnell, R-Ky., said Monday.

According to The Hill, the Kentucky Republican said GOP senators will pass a pair of budget resolutions after President-elect Donald Trump takes office.

"We anticipate doing two budget resolutions this year," McConnell said. "The first will be the Obamacare repeal resolution, and then we will do one later in the spring, which will largely be dedicated to tax reform.

"They will set up reconciliation follow-on vehicles for us to address to very important issues."

Reconciliation, according to the Center on Budget and Policy Priorities, allows for bills falling under a certain category (under the broad umbrella of tax, spending and debt limit legislation) to be expedited through the legislative process by the controlling party and do not allow filibusters in the Senate.

The Hill noted Democrats used this process to make changes to the Affordable Care Act in 2010. Now it appears Republicans are ready to employ the tactic to make changes to the tax code.

"The single biggest reason for that is our tax structure, which makes it very difficult in many instances to stay here because the corporate tax rate, and now the individual tax rate that most businesses use as well, is way too high," McConnell said.

Trump would like to see more U.S. companies remain in the states and stop opening factories in foreign countries because of America's high tax rates. He already negotiated with Carrier to keep its Indianapolis plant from moving to Mexico.

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Republican lawmakers might resort to using a procedural process to enact legislation next year that would alter the nation's tax code, Senate Majority Leader Mitch McConnell, R-Ky., said Monday.
Republicans, senate, tax, code, legislation
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2016-57-12
Monday, 12 Dec 2016 03:57 PM
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