Republicans Push Forward on Trump’s Social Security Tax Pledge
Republicans are plowing ahead with their plan to extend the GOP’s 2017 tax law along with enacting President Donald Trump’s campaign promises.
But one of those promises in particular faces a big obstacle in the procedure Republicans are using to avoid the need for Democrats’ votes.
Trump’s pledge to eliminate taxes on Social Security income runs up against the budgetary procedure that allows lawmakers to bypass the Senate filibuster. That’s because the law that created the budget reconciliation maneuver bars lawmakers from changing Social Security using that procedure.
So GOP tax-writers ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.