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Axios May 30
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Tax reform falters despite Trump's claims

Susan Walsh

Wall Street Journal lead story, "GOP Bid To Rewrite Tax Code Falters," by Richard Rubin:

"The clear winner, so far, is the status quo. ... The only big revenue-raising provision with anything close to Republican consensus is repealing the deduction for state and local taxes, and that idea faces objections from blue-state lawmakers in the party."

"[A] fruitless revenue quest may lead the GOP to second-tier options. ... One possibility is a temporary tax cut that would expire to comply with rules preventing long-run deficits."