Tax Set-Back?

As has been well-reported today, an amendment passed on the floor of the Senate today that halved the President's tax proposal. This has widely been described as a "set back" (if not outright defeat) to the President's domestic policy agenda. However, as was also reported, but then ignored most of the day, the House passed the tax package intact. Now, that means something very simple, and very important: it is far from over with as to what will be in the tax package. The Senate vote is no more total defeat than the House vote is total victory. The bills will have to be reconciled, and any number of things may yet happen. Indeed, the reconciliation process is multi-faceted, complex and could result in the tax package dying entirely, being restored entirely, or radically altered in some way.

I can never decide if the media writ large simply does not understand how the legislative process works, or if they are willfully ignorant in public to enhance the significance of the part of the vote they prefer. Neither is a flattering picture.

Posted by Steven Taylor at March 25, 2026 07:33 PM | TrackBack