Otherwise, you may be paying over $1k more in taxes  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏
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Hello John,

‌

As you know, the Trump tax cut law of 2017 is going to expire at the end of
the year unless Congress and the White House work together to extend it.  

‌

Here’s the truth: Without an extension, taxes for the average American family
would go up $1,500 a year. No one wants that.


Protect your tax cuts, protect prosperity.
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Renewing the tax cuts is a top priority of both the White House and Congress,
so it should be a piece of cake, right?

 

We wish. But the situation is more fraught than you might think.

‌

Why this isn’t a slam dunk: Even using the reconciliation process that
severely limits what Democrats can do to stop it, slim Republican majorities in
the House and Senate give small factions in both chambers significant leverage.
Any united group of a half-dozen members can slow down the process by holding
out over their priorities.  

 

So, I wanted to use this newsletter to highlight the crucial role that the
budget committees in the House and Senate will play in shaping and advancing
tax/reconciliation legislation, and why they need to act fast to avoid
unnecessary delays.

 

Let’s do a quick recap on budget reconciliation: In a nutshell, reconciliation
is a special legislative process that allows Congress to pass bills related to
spending, revenues (taxes, fees, etc.), and the federal debt limit with only a
simple majority vote in both chambers.

‌

This means only 51 votes are needed in the Senate instead of the usual 60-vote
threshold required to overcome a filibuster.

 

Votes on the House and Senate floors mark the final step in the reconciliation
process, coming only after the most challenging work has been done.

‌

* The process begins with the work of the budget committees, which draft a
budget resolution that acts as the foundation for everything that follows.
Without this critical resolution being done on time and passed by both the
House and Senate, the entire process comes to a halt.
* The budget resolution issues specific instructions to the other
congressional committees to change spending, revenues, deficits, or the debt
limit by specific amounts.
* Each committee writes a bill to meet its target, and the budget committee
then puts all these separate bills together into one big (and hopefully
“beautiful”) bill.
As you can see, what goes in the budget resolution is paramount.

‌

Just recently, both the House and Senate budget committees passed their
versions of the budget resolution, but they are very different. The House
version includes extending the tax cuts; the Senate version does not (the
Senate wants to do that in a different bill). Americans for Prosperity was
heavily engaged in passing the House resolution out of committee, even getting
a shout-out during the committee consideration of the bill.

‌

While there is intense debate ahead, what isn’t debatable is that time is the
enemy of reconciliation. The historical record is clear. As the Congressional
Research Service put it:

‌

“Timely adoption of the budget resolution can facilitate timely enactment of
reconciliation legislation, just as tardy adoption of the budget resolution can
delay completion of the reconciliation process.”

 

With the tax cuts set to expire at year’s end, this issue cannot be deferred
to next year.

‌

Here’s why:

* Delay risks empowering small factions to exert undue influence, rewriting
portions of the bill to cater to narrow, localized interests.
* Rushing to meet a year-end deadline would inevitably result in a flawed
bill, lacking the care and consideration needed to produce meaningful, balanced
solutions.
* Dragging out the process would create uncertainty and be bad for the
economy.
It can get complicated: The reconciliation process is quite complex and
involves multiple players working together toward a common goal. And in this
case, budget committees are at the heart of it all. Their decisions, and the
speed at which they make them, will have significant impacts on the outcome of
the tax bill and much else.

‌

We will be monitoring the work of these committees to ensure they act in a
timely manner.

‌

In the meantime, take a moment to urge your lawmakers to extend the 2017 tax
cuts. It’s your money — not Washington’s — and time is running out.


Contact your lawmakers
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Best regards,

‌

Joe Eule

Americans for Prosperity















Americans for Prosperity believes freedom and opportunity are the keys to
unleashing prosperity for all. We are a community of millions of concerned
citizens advocating for solutions based on proven principles to tackle the
country's most critical challenges.






Americans for Prosperity

4201 Wilson Blvd, Suite 1000

Arlington, VA 22203



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