This week, the House Budget Committee released its long-awaited budget. It makes progress in some areas, and falls short in others.
One of the places it falls short is in facilitating tax reform.
By all accounts, tax reform will be difficult. True tax reform that simplifies the tax code while making important reforms to enable greater economic growth must also take on the difficult task of taking away special tax privileges that benefit well-organized special interests.
The proposed budget includes reconciliation instructions that allow Congress to fast-track reform in the Senate, limiting debate and lowering the necessary vote threshold to a simple majority, instead of requiring 60 votes.re
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