The GOP brain trust. We gotta move on, ' but we've got to do tax reform. Democratic members of Congress whose only problem in past elections has been their Republican opponents could find themselves facing primary challenges from activists who see helping Trump pass tax reform as a betrayal. But it can't be both.
To make a bill "revenue neutral", which means tax cuts would be offset through other methods involving the tax code, like closing up loopholes and deductions, for example.
Opposition to Obamacare had been an effective political foil for Republicans because it offered Republicans an opportunity to reach beyond their base and secure support from bread and butter voters who had been "losers" under the previous President's signature legislation.
This basic strategy could address multiple defects in the current code: unintended spikes in tax rates due to small changes in income; vastly different tax rates paid by companies and households with similar incomes; the subsidy that flows from low-income renters to high-income homeowners with mortgages; the mountain of profits parked in low-tax jurisdictions overseas; the bias in favor of debt finance over equity finance; the carried-interest loophole; and on and on.
Tax experts have stressed to lawmakers that tax reform tends to work best and last longer when negotiated in a bipartisan way.
Supporters of the law think it's already having an effect on the insurance market. Bipartisanship is a crucial element.
"If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon!"
The Senate map still heavily favors the GOP in 2018, but Majority Leader Mitch McConnell has been privately warning his colleagues and donors that the GOP's 52-48 majority should not been taken for granted, sources say.
At the time, the senator told his constituency that he was proud of his vote to repeal the onerous law, specifically referencing numerous issues faced by Arizonans as a result of its passage. It is a circular, pay-as-you-go system that enables all to receive medical care when they need it.
More than 63 percent believed compromise to be the necessary ingredient for Congress to succeed at tax reform, a quality that has proved elusive for Republican lawmakers so far this year. Politico reports the White House is reaching out to a handful of Senate Democrats, out of the calculation that squeezing 50 votes out of a universe of 52 will be too hard. They point to projected increases in premiums nationwide and fewer insurers offering exchange plans. Bill Cassidy (R-La.) and Lindsey Graham (R-S.C.), can unite them in September, when they return from their August recess.
The National Republican Senatorial Committee - the Senate GOP's campaign arm - took in $2 million less than expected in promised contributions, CNN first reported.
Republicans are eventually going to realize their path to passing a bill is a second Bush tax cuts.
They remain respectful of the much larger number that Trump's anemic 35 percent approval rating amounts to in their home district primaries.