ELECTION/GOP/TAXES/TRUMP PEOPLE: “As November’s U.S. elections approach, Republicans in the House of Representatives and the Trump administration are planning another deficit-financed tax-cut plan, but one widely seen as a vote-getting exercise with little chance of becoming law. The plan, coming on the heels of deep tax cuts already approved in December, underscores both the Republican Party’s steadfast confidence in tax cuts as a winning political tool and its recent shift away from fiscal policy conservatism. House tax committee Chairman Kevin Brady says his panel and the White House are considering a measure that would make permanent $1.1 trillion in tax cuts that were approved on a temporary basis in December for individuals, families and private businesses. The cuts are set to expire in 2025. Brady, of Texas, says he aims to unveil a proposal before Congress departs Washington on July 26 for a summer campaigning break. He says he expects the House to vote on the measure before the Nov. 6 congressional elections.”
-David Morgan, “Republicans target elections with more deficit-boosting tax cuts,” Reuters, July 16, 2018 3:09 am