Tags: Trump Administration | Trump Tax Reform | january | paygo | freedom caucus | house | congress

WaPo: Signing Tax Bill in '18 May Give Freedom Caucus Power

WaPo: Signing Tax Bill in '18 May Give Freedom Caucus Power
Rep. Mark Meadows, R-N.C., is a member of the conservative House Freedom Caucus. (Mark Wilson/Getty Images)

By    |   Wednesday, 20 December 2017 06:21 PM

The GOP tax bill may give more power to members of the House Freedom Caucus in 2018 if President Donald Trump waits until January to sign the measure, The Washington Post's Catherine Rampbell reports.

If the law is signed before the end of 2017, automatic cuts to federal programs will be triggered the following January under the Statutory Pay-As-You-Go Act of 2010, or "PAYGO," which says the Office of Budget and Management has to order the cuts if legislation passed by Congress will increase the deficit, and if rules are not waived or the loss is not covered by new revenue. Spending cuts would have to total $136 billion for the tax bill, according to a Congressional Budget Office analysis.

Senate Majority Leader Mitch McConnell, R-Ky., and House Speaker Paul Ryan, R-Wis., have vowed the cuts would not be triggered, but they need help from Democrats to waive them this year, since doing so would require 60 votes in the Senate. If Trump signs the bill in January, the cuts would not be triggered until January 2019, but that move could massively empower the Freedom Caucus, a congressional group consisting of conservative and Libertarian Republicans of the U.S. House of Representatives.

It means "another year for members to posture and consider how to use a potential sequester for leverage (i.e. conservatives demanding alternative spending cuts to replace it, instead of simply waiving it)," said Ed Lorenzen, Committee for a Responsible Federal Budget senior adviser.

"More likely, as their votes become increasingly valuable in a possible PAYGO showdown, they'll extract more concessions from their own party's leadership," Rampbell wrote.

And, if Congress waits until late next year to waive the PAYGO cuts, and Republicans do not fare well in the midterm elections, "Freedom Caucus members may decide that this is their very last, best shot to extract meaningful concessions. And a showdown will follow one year from now, again around the holidays."

© 2018 Newsmax. All rights reserved.

   
1Like our page
2Share
Politics
The Washington Post's Catherine Rampbell reports the GOP tax bill may give more power to members of the House Freedom Caucus in 2018 if President Donald Trump waits until January to sign the measure.
january, paygo, freedom caucus, house, congress
321
2017-21-20
Wednesday, 20 December 2017 06:21 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved