Is TrumpCare tax plan part A?

[Pelle Svanslös]

The Senate effectively requires 60 votes to pass most legislation, but
Republicans hold only 52 seats. However, Senate rules allow for the
passage of certain types of legislation using a process known as
reconciliation, which requires only a simple majority. Republicans
planned to use the reconciliation process to go it alone on both health
care and tax reform.

But that process comes with conditions. There’s a ticking clock; the
reconciliation instructions that allow for the passage of the health
care bill expire as soon as the next budget resolution is introduced.
And the process does not allow for the passage of legislation that
raises the deficit outside the 10-year budget window via a simple majority.

This, for example, is why the tax cuts passed under President George W.
Bush in 2001 were set to expire after a decade. For tax cuts to be
permanent, they must be deemed “revenue neutral.”

That is where the American Health Care Act comes in: It would eliminate
roughly $1 trillion in taxes used to pay for the additional spending in
Obamacare. As a result, it would significantly lower the federal
government’s tax revenue baseline. The baseline is an important figure
in congressional budgeting, because it sets expectations for how much
the government is projected, on paper, to spend and raise if current law
remains the same.

The trick, then, is to make the health care bill’s tax cuts part of that
baseline by passing them into law before a tax-reform package. This
would provide Republicans with far more room to permanently cut taxes
later in the year. In short, Republicans would be able to devise a tax
bill that collects about $1 trillion less in revenue but that would
still qualify as revenue-neutral under Senate procedure.

This is why Republicans put health care reform at the top of their
agenda. Without the bill to reset the federal government’s baseline tax
revenue, Republicans would be much more constrained when it came time to
overhaul the tax code.

https://www.nytimes.com/2017/05/06/opinion/sunday/the-house-health-care-disaster-is-really-about-taxes.html

An excercise in cynicism. No wonder the Americans wanted to drain the
swamp. Waittaminute ...

[stephenJ]

It's heartwarming to know that some in Sweden care about our tax
policies, LOL.

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[PeteWasLucky]

Ten years of the proposed tax cut is enough to make Trump and his inner circle ten times richer.
These tax cuts are never for us.