Nov 10, 2017

Republican panic boosts tax cut chances

Photo: Pablo Martinez Monsivais / AP

With the release of the Senate's plan yesterday, tax cuts are off to a stronger start than health reform's fraught debut earlier this year.

The bottom line: You've got high top rates on wealthy people, a concession to the left — yet tons of loopholes and crony tax breaks. Even Republicans who have been skeptical all year about tax reform's prospects say they see glints of momentum.

The reasons:

Sheer political panic: This may be Republicans' only chance to hold onto the House. GOP leaders, especially Speaker Ryan, are under no illusions — particularly not after the results in Virginia.Donor pressure: As members and senators have admitted out loud, donors won't be returning phone calls if united GOP government can't deliver tax reform.The Roy Moore factor: Senators were already nervous about this unpredictable, anti-establishment figure entering the Senate in the new year. His election is on Dec. 12. Now, with yesterday's molestation accusations, Republicans can foresee a scenario in which he loses to a Democrat in Alabama!The upshot: The GOP must pass tax reform before "the Roy Moore line," says a source close to leadership.Republicans understand and care far more about cutting taxes than they ever did — despite seven years of sloganeering — about overhauling Obama's Affordable Care Act.Be smart: Despite the "so far, so good" start, expensive concessions will still have to be added to bring around resistant business interests. Expect more stuffing in this bird.

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Sanders requests recount of Iowa recanvass after results show shrunken margin

Photo: Joe Raedle/Getty Images.

Sen. Bernie Sanders said in a statement Tuesday night he will request a recount of the Iowa Democratic Party's recanvass results.

Where it stands: Both Buttigieg and Sanders requested partial recanvasses in Iowa last week after results were delayed and showed several errors following a software malfunction on caucus night.

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Energy deputy secretary nominee faces heat after contradicting Trump

Mark Menezes speaks at a forum in Addis Ababa, Ethiopia, June 12. Photo: Minasse Wondimu Hailu/Anadolu Agency/Getty Images

Trump administration officials are internally raising concerns about President Trump’s nominee for Energy deputy secretary, who appeared to openly contradict the president on nuclear waste storage at Nevada’s Yucca Mountain last week.

Driving the news: While speaking at a House Energy and Commerce subcommittee hearing last Wednesday, Mark Menezes told members of the panel that the Trump administration is still interested in storing nuclear waste at Yucca Mountain and that “what we're trying to do is to put together a process that will give us a path to permanent storage at Yucca."