Video of the Day
4/25/2017: President Trump Signs Financial Services Executive Orders

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Today’s Hill Action
Senate Floor Schedule
The Senate reconvenes at 10 a.m. and will resume consideration of the nomination of Rod J. Rosenstein to be deputy attorney general. The Senate will recess from 12:30-2:15 p.m. for weekly caucus lunches. Nomination: Rod J. Rosenstein of Marlyand to be deputy attorney general
Committee Hearings
Asia-Pacific Strategy: 9:30 a.m.
U.S.-Libya Policy Options: 9:45 a.m.
Intellectual Property and Innovation: 10 a.m.
House Floor Schedule
The House reconvenes at 2 p.m. for legislative business and is expected to consider measures under suspension of the rules. Roll call votes will be postponed until 6:30 p.m.
Committee Hearings
Fannie-Freddie Open Records/Register of Copyrights Selection: 5 p.m.
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Trump’s 15% Corporate Tax Push Sets Stage for Clash With Ryan

President Donald Trump’s plan to slash the corporate tax rate to 15 percent is setting up a showdown with House Speaker Paul Ryan, who has called for a tax plan to pay for itself.

Trump intends to lay out broad tax principles on Wednesday, including cutting the federal corporate tax rate to 15 percent from 35 percent, a White House official said. A rate that low would make it difficult to find ways to increase revenue or eliminate deductions to offset it — that means a plan wouldn’t be revenue-neutral, or permanent.

The Ryan-backed House GOP blueprint released in June calls for replacing the 35 percent rate with a 20 percent rate applied to companies’ domestic sales and imported goods, while exempting their exports. Ryan has questioned whether a 15 percent rate can realistically be paid for, and he and Kevin Brady, chairman of the tax-writing House Ways and Means Committee, have said they’re committed to revenue neutrality.

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Disconnect: Trump, GOP not on same page

President Trump is on a different page than Republican leaders in Congress just days away from a possible government shutdown.
Trump and the White House are pressuring Congress to include funding to build the president’s signature wall on the U.S.-Mexico border as part of a bill to keep the government open past Friday.

GOP leaders, worried their party will be blamed for a shutdown and realizing they’ll need votes from Democrats to get a stopgap measure to Trump’s desk, have said funds for the wall should be dealt with in a supplemental spending bill or as part of next year’s appropriations process.

Speaker Paul Ryan (R-Wis.) last month even noted that construction on the wall couldn’t begin soon.

“The big chunk of money for the wall, really, is … next year’s appropriations, because they literally can’t start construction even this quickly,” he told “CBS This Morning.”

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Experts say we’ve likely avoided a shutdown – for now

Congress has until midnight Friday to pass a spending bill to keep the government open through September or face a government shutdown. A few days ago, budget experts The Fix spoke to thought it was 50-50 the government would shut down. On Tuesday, they say it almost certainly won’t.

The difference: President Trump has backed off his request for $1.4 billion to start building his border wall along the U.S.-Mexico border. Or rather, he has postponed his request until the next budget battle, when Congress must pass a spending bill for all of 2018 by Oct. 1.

If a shutdown has been averted this time, it’s because most players, like Trump, have pushed their demands off until the next time there’s a budget debate. And that means the likelihood of a shutdown in September has only increased.

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Until tomorrow,
Lobbyit.com

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