Daily Deduction

Time is not on their side.

February 13, 2017 –
Who is driving the Trump tax bus? The proverbial “White House official” says that it is White House adviser Gary Cohn, according to Bloomberg. But Steven Mnuchin, who is likely to be confirmed as Treasury Secretary as soon as today, told the Senate Finance Committee that he’d be the point man.

Tax Reform: On Time or Delayed?

February 10, 2017 –
Is tax reform on the runway or stuck at the gate? In his meeting with airline industry executives, President Trump said his tax reform plan is “coming along very well..."

Carbon Pricing, Friendly Fire, Not-So Friendly Fire, Sales Tax, and Gains

February 9, 2017 –
Who likes a carbon tax? A group of former senior Republican policy advisers and business executives, including former Treasury secretaries James Baker, Henry Paulson, and George Shultz, and top White House economic advisers Marty Feldstein and Greg Mankiw like one.

The border tax isn’t getting any easier; neither is fixing the budget in Kansas

February 8, 2017 –
Thinking through the pesky details of a destination-based cash flow tax. TPC’s Howard Gleckman outlines five of the biggest technical challenges supporters will have to address if Congress is going to enact the House GOP’s controversial business tax plan.

Pain, Worth, and Knowledge

February 7, 2017 –
A border tax could hurt… natural gas prices, according to Bank of America Merrill Lynch.

The Cost of Replacement vs. The Cost of Repair

February 6, 2017 –
Should they stay or should they go? Republican lawmakers on the Hill face a stark choice: Do they keep some or all of $1 trillion in Affordable Care Act tax in order to fund its replacement, or repeal them?

A Threat, Artificial Intelligence, and Another Threat

February 3, 2017 –
The President wants to “destroy” the Johnson Amendment.

If there’s a bump in the road, change lanes?

February 2, 2017 –
The path to tax reform in 2017 is getting bumpier. House Ways & Means Chairman Kevin Brady still promises that tax reform will happen this year. But Senate leaders keep questioning a key element of the House plan.

Another Delay, and Who Would Really Pay?

February 1, 2017 –
We’ll have to wait a little longer for a Senate Finance Committee vote on Mnuchin.

Votes, Cuts, Expenditures and Alternative Facts

January 31, 2017 –
Finance panel votes today on Mnuchin.Senate Democrats blocked a procedural vote on President Trump’s pick for Treasury Secretary, Steven Mnuchin, yesterday.