NR Daily: The Tax-Reform Debate and Defense Spending

It looks very much as if, once again, the national defense is going to get the short end of the budgetary stick this year. But at least other events are exposing the pretenses that have kept the defense sequester in place since 2013. This refreshing moment of clarity comes by way of the GOP tax-reform plan. The Senate is supposed to vote on its version of tax legislation this week, after the House voted on its version before the Thanksgiving holidays. As in the House, the Senate bill will be passed (assuming it gets 50 votes) through the budget-reconciliation process, under instructions that allow Congress to increase the deficit by $1.5 trillion over ten years ...

December 02 2017

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The Tax-Reform Debate and Defense Spending Jim Talent It looks very much as if, once again, the national defense is going to get the short end of the budgetary stick this year. But at least other events are exposing the pretenses that have kept the defense sequester in place since 2013. This refreshing moment of clarity comes by way of the GOP tax-reform plan. The Senate... READ MORE Yes on Rubio-Lee The Editors The push for tax reform ran into last-minute complications in the Senate, as Republicans were arguing about the composition of the bill's tax cuts and searching for places to drum up more... Why I Oppose the Rubio-Lee Amendment Edward Conard Federal debt has risen from 33 percent of GDP prior to the financial crisis to 75 percent today — an unprecedented level for this point in the economic cycle — and is projected to rise to 150... ADVERTISEMENT The GOP Should Put Tax-Loving Democrats on a No-SALT Diet Deroy Murdock As the GOP's tax-cut bill advances through Congress, Republicans completely should scrap the federal deduction on state and local taxes (SALT). While this reform is not yet enacted, it... The Stakes on Tax Reform Jonathan S. Tobin The New York Times' dropping the pretense of objectivity in its crusade against the GOP tax plan should remind wavering Republicans that surrendering to liberal rhetoric is a guarantee of... I'd Vote for It. You Should, Too. Larry Kudlow Warts and all, if I were a voting member of Congress, I would certainly cast a "yea" vote for the tax-cut plan passed by the Senate and House and headed for conference (to work out minor... Mueller Investigation: Politics, Not Law Enforcement or Counterintelligence Andrew C. McCarthy Here's what I'd be tempted to do if I were President Trump: I'd direct the Justice Department to appoint a special counsel to investigate Iran's efforts to acquire nuclear weapons, including any... ADVERTISEMENT The Fleet at Flood Tide: America at Total War in the Pacific, 1944-1945 James D. Hornfischer "A masterful account of the barbaric last year of the Pacific War...The Fleet at Flood Tide is, quite simply, popular and scholarly military history at its best." - Victor Davis Hanson LEARN MORE Top Shots Los Angeles Auto Show ADVERTISEMENT Follow Us & Share 19 West 44th Street, Suite 1701, New York, NY, 10036, USA Your Preferences | Unsubscribe | Privacy View this e-mail in your browser.