Treasury Secretary Steven Mnuchin let on Thursday that the administration’s tax plan, which President Donald Trump was out selling, will arrive in the “next few weeks.” Hmm. The budget expires in a little more than four weeks. Do we really think an actual tax “reform” bill will be introduced, debated and voted upon (as part of budget reconciliation) when there will be nothing in hand for weeks?
Given the need to pass the debt ceiling, keep the government running and fund Harvey hurricane relief and the usual dysfunction we’ve come to expect from the White House and GOP Congress, I wouldn’t bet on tax reform getting done this year.