Senate members are awaiting parliamentary rule on the rules of the tax cutting package

The Senate Republicans are expected to get this week’s news that will play an important role in forming their plans to move forward with them. Tax cut package Preventing the expiration of the main provisions of the tax cuts and jobs law for the year 2017, which will lead to trillions of dollars in tax increases starting next year.

Legionships are awaiting the Republican Party by a decision by Parliament in the Senate, which will determine whether they can formulate their tax bill using what is known as the “current foundation line for politics” against the current foundation line of the law required by law for taxes and spending using the reconciliation process.

Under the current political foundation line, tax cuts and other expiration policies are dealt with as if they were already permanent, so that it does not increase them Budget.

In contrast, the current budget cost of the budget cost is estimated by assuming that programs and policies end in the date specified under the law, which means that the additions can bear the cost of additional deficit.

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Decision before Parliamentary Senate Allowing the use of the current political foundation will make it easy to provide tax additions, which will cost about 4 trillion dollars based on the framework of the current law.

This is because the budget settlement rules prevent legislation from increasing the budget deficit outside a 10 -year budget window, which requires more spending discounts to comply with these rules and transfer legislation through Congress on the sounds of the partisan line.

Senate members of the Republican Party He can still follow the current political foundation line if Parliament refuses to request it by obtaining 60 votes to cancel the decision. However, this requires seven democrats to vote in favor, assuming that all members of the Republican Party are doing this, and it is the result of what is unlikely to play with a party bill.

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“The reason for a permanent procedure is that tax cuts are a way to end them, and this is economic growth. This is wage growth.

Tim Scott, Chairman of the Senate Banking Committee, Tim Scott, told FBN that legislators want to obtain the extension of the tax cuts and jobs that were completed before the end of this tax season.

The Senate can start thinking about solving the budget that begins the reconciliation process just this week.

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The American Chamber of Commerce, along with 492 governmental and local counterparts, as well as national commercial associations, urged Congress in a speech in February to use the current political foundation line for tax discounts.

“The adoption of the current political foundation line would avoid a $ 4 trillion taxpayer on families and American employers by creating a Congress road to make TCJA permanent,” Cosign owners wrote in their letter. “This would provide the companies with the certainty and stability they need to make long -term investments that drive growth, accelerate productivity, and increase prosperity in all sectors of the economy.”

The budget hawks criticized the current policy approach as a “way to defraud the budget” that would create a precedent for Congress to increase the budget deficit and develop National debt More in the future without the current reconciliation rules.

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Patrick J. Non -Potential Peterson: “The current foundation of the policy is a way to defraud the budget that allows an increase in deficit without appropriate accountability.” “The implementation of the current foundation line for politics will not only be financially responsible in terms of tax debate for this year, but it will determine a dangerous precedent for the future, which may open the door to other unknown trillions in the coming years.”

Hillary von Fox Fox contributed to this report.