![How Republicans ditched tax reform for tax cuts]()
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The New Yorker
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| ICYMI: How Republicans ditched tax reform for tax cuts |
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For months, a group of Trump Administration officials and top congressional Republicans, known as the Big Six, has been working in private with the goal of developing a plan that the White House, the House of Representatives, and the Senate could jointly endorse. The result of that process, a plan called the “Unified Framework for Fixing Our Broken Tax Code,” was finally released yesterday.
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![Republicans have a $700 billion problem that could make their new tax plan nearly impossible]()
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Business Insider
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| ICYMI: Republicans have a $700 billion problem that could make their new tax plan nearly impossible |
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According to analysis of the tax-reform framework released Wednesday by Trump and the "Big Six" tax negotiators, decreased tax rates in the plan would reduce the amount of revenue the federal government takes in by an estimated $5.8 trillion over 10 years.
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