Congressional Climate November 30, 2017

Trump: GOP tax bill ‘will be really, really special’

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Today’s Hill Action
Senate Floor Schedule
10:30am: Convene and resume consideration of H.R.1, Tax Cuts and Jobs Act.

Committee Hearings
Foreign Relations
10:00am – SD-419

Health, Education, Labor, and Pensions
10:00am – SD-430

Armed Services
10:30am – SD-G50

Judiciary
10:30am – SD-226

Intelligence
2:00pm – SH-219

House Floor Schedule
10:00am: House will meet for morning hour.
12:00pm: House will meet for legislative business.
First votes expected 1:30pm-2:30pm. Last votes expected 5:00pm-6:00pm.

Committee Hearings
Appropriations
Subcommittee on Interior, Environment, and Related Agencies
9:30am – 2007 Rayburn HOB

Appropriations
Subcommittee on Homeland Security
10:00am – 2359 Rayburn HOB

Financial Services
Capital Markets, Securities, and Investment
10:00am – 2128 Rayburn HOB

Energy and Commerce
Subcommittee on Health
10:00am – 2128 Rayburn HOB

Homeland Security
10:00am – HVC-210 Capitol

Natural Resources
10:00am – 1324 Longworth HOB

Energy and Commerce
Subcommittee on Oversight and Investigations
10:15am – 2322 Rayburn HOB

Oversight and Government Reform
1:00pm – 2154 Rayburn HOB

Natural Resources
2:00pm – 1324 Longworth HOB

Judiciary
Subcommittee on Courts, Intellectual Property, and the Internet
2:00pm – 2141 Rayburn HOB

Energy and Commerce
Subcommittee on Communications and Technology
2:00pm – 2123 Rayburn HOB

Financial Services
Monetary Policy and Trade
2:00pm – 2128 Rayburn HOB

Natural Resources
2:30pm – 1334 Longworth HOB

Appropriations
Subcommittee on Transportation, Housing and Urban Development, and Related Agencies
3:00pm – 2358-A Rayburn HOB

House Permanent Select Committee on Intelligence
3:00pm – HVC-304 Capitol

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GOP places risky bet on trickle-down tax cut

Republicans are on the cusp of passing the biggest corporate tax cut in American history, betting it will ignite an economic boom that creates better jobs and fatter paychecks for middle-class Americans.

That boom may never trickle down.

Some economists and corporate executives are already warning that simply lowering tax bills won’t necessarily cause companies to hire more people and pay them better. Instead, they could just wind up returning the extra cash to shareholders.

Read More
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Insurance officials mandate repeal will damage markets

Many state insurance officials, even some in red states, are warning that repealing ObamaCare’s individual mandate in the GOP tax-reform bill would cause damage to their markets.

Insurance commissioners warn that premiums would rise, insurers could drop out of the market and more people would go without coverage if the mandate is repealed, as Senate Republicans are poised to do as part of their tax bill this week.

In addition to fulfilling a longtime GOP policy goal, repealing the mandate also helps Republicans pay for tax cuts in the bill, as the Congressional Budget Office (CBO) projects that ending the rule would save about $338 billion over 10 years.

Read More
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GOP could punt funding fight to January

Chatter among Republicans grew louder Wednesday that Congress may punt its government-funding fight into January rather than tackle a massive, trillion-dollar omnibus package right before the holidays.

With lawmakers scrambling to avert a government shutdown on Dec. 8, GOP leadership has been weighing the length of a continuing resolution, or CR, to keep the government’s lights on while they hash out a broader fiscal 2018 spending deal.

The lawmakers in charge of writing the spending bills prefer a one- to two-week CR, which they think will give them their best shot at finishing their 2018 omnibus package before Christmas.

Read More
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Until tomorrow,
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