Republicans have started to talk increasingly about tax cuts “phase two”, including an extension of the individual tax cuts law. This initiative, if compete on time, should help Republicans sweep the 2018 midterm elections.
Republicans of all stripes are excited to renew the push on the signature Republican issue of tax cuts, and tax reform;
“I am 100 percent behind that and would support it and even help promote it,” said the chairman of the conservative Republican Study Committee, Representative Mark Walker.
“We’re actually going for a phase two, which will help in addition to the middle class, will help companies, and it’s going to be something I think very special,” announced President Trump on a Wednesday campaign rally.
On the same day, powerful House Ways and Means Committee Chairman Kevin Brady made it clear that that new reforms would be coming, “this year.”
“We are exploring what good new ideas can be brought forward in tax reform,” explained Brady.
Thought it is not clear as to what the exact timing or contents of a new tax package will be, administration officials and lawmakers have indicated that it would most likely consist of a permanent addition in the new tax law’s cuts for the people.
“It will lead with permanence,” Kevin Brady said to Fox Business on Friday. “The tax cuts for families and small businesses were long term, but they weren’t permanent. We think that’s important for growth and certainty.”
Kevin Brady also stated that he wants to encourage the public to save for their retirement by making these tax changes.
Still, though, some Republicans have stated that they believe they can get the votes of enough Democrats in order to pass the legislation of individual tax cuts.
“Democrats said all the time that these tax cuts should have been permanent, so I would expect them to support that legislation,” said Representative Mark Walker (Republican – North Carolina).
“Getting Democrats on the record is always a good idea when Republicans are pushing their agenda,” says Andy Roth, Club for Growth’s vice president of government affairs.
Conservatives also consider it beneficial for the Republicans to keep on pushing forward on the subject of taxes. They have noted that the matter of tax measure has come to be more widespread since it was legislated.
“I think this is a good opportunity to build on that success and build on that popularity,” said Mary Kate Hopkins, the federal affairs director of Americans for Prosperity. “I think everything about this move would be positive,” said Former Republican of National Committee representative Doug Heye.