GOP plots return to temporary tax cuts
By BRIAN FALER
08/29/2017 08:08 PM EDT
Updated 08/30/2017 01:47 PM EDT
Republicans could be teeing up another fiscal cliff as they cut corners and compromise on tax reform.
GOP lawmakers are preparing a slate of new temporary tax provisions, potentially setting up big tax increases for some Americans down the road. The strategy, part of their larger tax-reform effort, threatens a replay of the yearslong battle over tax cuts enacted during the presidency of George W. Bush, which lawmakers only resolved after an exhausting battle culminating in the 2013 fiscal cliff agreement.
“We’ve been to this movie before,” said Howard Gleckman, a senior fellow at the Washington-based Tax Policy Center.
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http://www.politico.com/story/2017/08/29/son-of-bush-gop-plots-return-to-temporary-tax-cuts-242154
