Ryan expects bill on tax fixes to come after midterms

[edpc]

Speaker Paul Ryan (R-Wis.) said Thursday that he expects lawmakers to release a bill to make fixes to the new tax law following November's midterm elections.

At an event hosted by the Economic Club of Washington, Ryan said glitches were bound to occur because the law made significant changes to the tax code, including to the international tax system.

"We're compiling those issues, typically on the international side, and then we intend to put together a technical correction bill at the end of the year," Ryan said.

http://thehill.com/policy/finance/396780-ryan-expects-bill-on-tax-fixes-to-come-out-at-the-end-of-the-year

[edpc]

The one major bill they managed to pass and I couldn’t even do that right. And now, they’ll be scrambling to fix it, before some of them are out of Congress.

[libertybele]

A "technical correction" bill after the mid terms?  What exactly does that entail?  So... the tax cut will appear to be a good thing to get votes, but after the mid terms, then they are going to adjust things back to how they want them to be?

I thought I heard rumor that Ryan was out the door?

[edpc]

A "technical correction" bill after the mid terms?  What exactly does that entail?  So... the tax cut will appear to be a good thing to get votes, but after the mid terms, then they are going to adjust things back to how they want them to be?

I thought I heard rumor that Ryan was out the door?

Ryan is leaving, but they need to fix the errors in the bill, so people can file their 2018 taxes properly next year. They rushed it through to get it signed in 2017.  It has errors that cause problems for businesses and individuals.


https://nypost.com/2018/02/24/gops-tax-reform-law-is-full-of-typos-errors-experts/

[libertybele]

Ryan is leaving, but they need to fix the errors in the bill, so people can file their 2018 taxes properly next year. They rushed it through to get it signed in 2017.  It has errors that cause problems for businesses and individuals.


https://nypost.com/2018/02/24/gops-tax-reform-law-is-full-of-typos-errors-experts/

I'm skeptical of what's going to be in the "technical corrections" bill.

[edpc]

I'm skeptical of what's going to be in the "technical corrections" bill.

Generally, they are only done to correct problems in a bill and do not change the substance. Now they will be under time constraints with holiday recess to get it done.  Also, the Democrats are not going to be anxious to help them, since they will be either emboldened about taking control of the House or bitter about losing the opportunity.