December 06, 2017

Today's News from the U.S. Chamber- 12/6/17

Wednesday, December 6, 2017 

House tax positions begin to emerge ahead of talks with Senate 

Reuters reports, “While lawmakers expect a smooth reconciliation of rival House and Senate tax bills, House Republicans have taken issue with several items in the Senate’s legislation - from a one-year delay in cutting the corporate tax rate to 20 percent to the sunsetting of individual tax cuts after 2025.  House Ways and Means Committee Chairman Kevin Brady said lawmakers are determined to eliminate the alternative minimum taxes (AMTs) on corporations and individuals that the Senate bill retained.”

GOP Leaders Push House Holdouts on Government Funding Deadline

Bloomberg reports, “Republicans emerged from a contentious morning meeting Tuesday saying that House Speaker Paul Ryan of Wisconsin and other leaders told them that the Senate is resisting a longer stopgap measure backed by the conservative House Freedom Caucus… Funding to keep the government operating expires at the end of the day on Dec. 8. Republican leaders want to use two weeks before a new Dec. 22 deadline to negotiate with Democrats over how much money to give to defense and non-defense programs in the current fiscal year, which began Oct. 1.  After that, a second stopgap measure could push final budget decision-making into January, with that short-term measure also carrying late-December deals on that include shoring up Obamacare’s insurance exchanges.”

House GOP leaders vow no deals with Democrats on stopgap spending

POLITICO reports, “House Republican leaders have promised conservatives that they won't grant concessions to Democrats to get enough votes for a stopgap spending bill — gaining GOP support but also raising the specter of a government shutdown later this month. GOP leaders in the House tentatively decided Tuesday morning to hold tight on their plan to fund the government through Dec. 22, bucking calls from conservatives to move the deadline to Dec. 30.  Still whipping to ensure sufficient GOP support, leaders pushed off a Rules Committee meeting and final floor action by a day, with House passage on the two-week patch now expected Thursday. Government funding runs out on Friday.”



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