BabyBoomer50s
Capitalist
- Joined
- Nov 27, 2018
- Posts
- 13,536
As with any new administration, it’s important to strike while the iron’s hot. Especially now, with this being Trump’s final term and with the GOP controlling both chambers of Congress. Leading with border control is wise. Targeted, surgical legislation rather than a sweeping immigration bill will get through Congress more quickly and its impact will be felt almost immediately.
Our tax cut extensions will be more difficult to get through Congress, especially if there’s a serious push to include Trump’s ideas raised on the campaign trail - exempting tips, social security and overtime pay from taxation, raising the SALT cap, and cutting the corporate rate from 21% to 15%.
The most visible an immediate elements of Trump’s domestic agenda will be implemented by the executive branch in areas that don’t require congressional approval. Rules, regulatory administration, enforcement priorities, and discretionary budget authority affecting trade, the border, energy, climate, Medicare and Medicaid, defense, DEI, and Title IX to name a few.
From the WSJ:
WASHINGTON—Senate Republicans are considering quick legislation early next year to strengthen border security, energy production and the military while saving a tax-policy fight for later in 2025, laying out a two-step process for passing President-elect Donald Trump’s agenda without any Democratic help.
Sen. John Thune (R., S.D.), the incoming majority leader, outlined the approach to GOP lawmakers Tuesday as the party prepares to take control of the House, Senate and White House in January. Lawmakers would aim to move a targeted bill within 30 days after Trump takes office Jan. 20 and then spend more time working on taxes and other issues, according to a person familiar with Thune’s remarks in a closed-door meeting.
Our tax cut extensions will be more difficult to get through Congress, especially if there’s a serious push to include Trump’s ideas raised on the campaign trail - exempting tips, social security and overtime pay from taxation, raising the SALT cap, and cutting the corporate rate from 21% to 15%.
The most visible an immediate elements of Trump’s domestic agenda will be implemented by the executive branch in areas that don’t require congressional approval. Rules, regulatory administration, enforcement priorities, and discretionary budget authority affecting trade, the border, energy, climate, Medicare and Medicaid, defense, DEI, and Title IX to name a few.
From the WSJ:
WASHINGTON—Senate Republicans are considering quick legislation early next year to strengthen border security, energy production and the military while saving a tax-policy fight for later in 2025, laying out a two-step process for passing President-elect Donald Trump’s agenda without any Democratic help.
Sen. John Thune (R., S.D.), the incoming majority leader, outlined the approach to GOP lawmakers Tuesday as the party prepares to take control of the House, Senate and White House in January. Lawmakers would aim to move a targeted bill within 30 days after Trump takes office Jan. 20 and then spend more time working on taxes and other issues, according to a person familiar with Thune’s remarks in a closed-door meeting.
