budget

Podcast: A Two-Year Budget Deal in the Making
Budget Tracker Extra, Episode 39

UNITED STATES - MAY 23: Eric Ueland, Republican Staff Director for the Senate Budget Committee, hands out copies of President Trump's FY2018 Budget in Dirksen Building on May 23, 2017. (Photo By Tom Williams/CQ Roll Call)

CQ's Paul M. Krawzak spells out the progress lawmakers are making on reaching a two-year budget deal that would most likely lift the 2011 budget caps.

Show Notes:  

Flake Fires Back at Trump to Dispute Tax Vote Prediction
Another defection would put GOP bill in jeopardy as president seeks first big win

Arizona Sen. Jeff Flake and President Donald Trump are trading barbs again, this time over the Senate GOP tax plan. (Bill Clark/CQ Roll Call file photo)

President Donald Trump and perhaps his top congressional Republican critic are sparring again, this time with Sen. Jeff Flake’s office disputing the commander in chief’s claim that the Arizona Republican plans to oppose the party’s tax overhaul plan.

Trump started the duo’s latest back-and-forth with a Sunday evening tweet predicting the retiring Flake — whom he mocked by referring to him as “Flake(y)” — will “be a NO on tax cuts because his political career anyway is ‘toast.’”

For Murkowski, Tax Overhaul Isn’t Just Business. It’s Personal
Inclusion of ANWR drilling could put her in new Alaska league

Alaska Sen. Lisa Murkowski faces a conundrum with a clash between two of her key policy goals — drilling in ANWR and protecting access to health care back home. (Bill Clark/CQ Roll Call file photo)

Twelve years ago, Sen. Lisa Murkowski sat at the breakfast table with her youngest son, who was in junior high school at the time. It was a big day. The chamber was set to vote on opening up the Arctic National Wildlife Refuge for drilling, a priority of Alaska lawmakers for the previous three decades.

“My son looks up at me and he says, ‘Mom, I thought grandpa passed ANWR years ago,”’ the Republican senator recalled recently in her Hart Building office, referencing her father, former Sen. Frank H. Murkowski. “You have to kind of say, ‘Well, yeah, they kinda passed it, but it didn’t really pass. And so it’s back before us again and we’re going at it.’”

Tax Cut Bills Face Increasing Partisanship: Recent Tax Votes in One Chart
Democrats more likely to oppose Republican presidents’ tax plans

House Ways and Means Chairman Kevin Brady and House Majority Whip Steve Scalise embrace during a news conference in the Capitol after the House passed the the GOP’s tax overhaul bill Thursday. (Tom Williams/CQ Roll Call)

The House on Thursday passed a bill to answer President Donald Trump’s call for a big tax cut without the support of a single Democrat.

Tax cut votes have historically been bipartisan affairs, with both parties supporting cuts signed by presidents Eisenhower, Johnson, Nixon, Reagan, Clinton and Obama.

Republicans Considering Funding Stopgap, Ryan Says
Extra time puts December holidays at risk

Speaker of the House Paul Ryan, R-Wis., conducts his weekly news conference in the House studio on November 9, 2017. (Tom Williams/CQ Roll Call)

GOP leaders are considering a short-term continuing resolution to keep the government funded beyond December 8, Speaker Paul D. Ryan said Tuesday.

The stopgap measure is likely needed to buy leaders and appropriators more time to finalize an omnibus spending measure, which they are behind in negotiating. Leaders have yet to strike a deal on topline spending levels for fiscal 2018, which appropriators need before they can draft the omnibus.

Podcast: How the Tax Cuts Could Stymie Economic Growth
Budget Tracker Extra, Episode 38

A stack of the current income tax regulations sits on the dais during a House Ways and Means Committee markup of the Republicans' tax reform plan titled the Tax Cuts and Jobs Act, in Longworth Building on November 6, 2017. (Photo By Tom Williams/CQ Roll Call)

Podcast: What Businesses Have to Gain From the Tax Overhaul
The Week Ahead, Episode 78

Chairman Kevin Brady, R-Texas, left, and Rep. Richard Neal, D-Mass., ranking member, conduct a House Ways and Means Committee markup of the Republicans' tax reform plan titled the Tax Cuts and Jobs Act, in Longworth Building on November 9, 2017. (Photo By Tom Williams/CQ Roll Call)

Rachelle Bernstein of the National Retail Federation and a long time voice on tax policy around Capitol Hill explains what businesses, large and small, are looking for in the tax overhaul and the lessons learned from the Bush-era tax cuts.

Show Notes:

While Trump’s Away, Congress Legislates?
President’s absence eases tax bill work, some Republicans say

Some Republican members say progress on a tax bill is more likely with President Donald Trump, here with South Korean President Moon Jae-in, away in Asia. (Chung Sung-Jun/Getty Images)

President Donald Trump spent the first four days of his Asia swing focused on countering North Korea and bolstering trade relationships — and some Republican members who are eager to pass a tax bill are just fine with that.

The way they see it, Trump being nearly 7,000 miles away for most of the next two weeks will allow them to make more progress on their tax legislation than if he were in Washington. That’s because Trump is often hunkered down in the White House watching cable news reports about their efforts, his phone at the ready to fire off a tweet that could substantially delay or completely derail their work.

Brady Says Individual Mandate Repeal Isn’t Off the Table
Ways and Means chairman says that he has requested cost estimate of repealing backbone of 2010 health care law

House Ways and Means Chairman Kevin Brady, R-Texas, said changes to Republican tax overhaul bill are possible right up to the point that it goes to the House floor. (Tom Williams/CQ Roll Call)

Ways and Means Chairman Kevin Brady on Tuesday left open the possibility that repeal of the 2010 health care law’s individual mandate could eventually make it into the GOP’s tax overhaul. 

The Texas Republican released a substitute amendment Monday that the Ways and Means Committee adopted on a party-line vote that did not include the mandate repeal or any health care changes. 

Ways and Means Panel Begins Marathon Markup of Tax Bill
House committee will set stage for floor consideration of legislation

Ways and Means Chairman Kevin Brady will preside over what will likely be a marathon markup of the GOP tax legislation. (Tom Williams/CQ Roll Call)

House tax writers on Monday start slogging through the Republican tax plan, but an expected melee of political messaging is likely to eclipse any major policy changes during the marathon markup.

The Ways and Means Committee will meet at noon Monday to begin marking up the tax bill and is aiming to finish on Thursday, according to Chairman Kevin Brady. The Texas Republican promised much of the debate will take place during the regular workday, but long hours and some late nights are expected.