The last major overhaul of the federal tax code was in 1986. It was the result of a multi-year effort, which was largely bipartisan. That’s not to say it was easy — the process was excruciating at times — but the Democratic House and Republican Senate eventually reached an agreement, which the Reagan White House accepted.
With this in mind, the Senate Democratic minority acknowledged yesterday that another tax-reform push is poised to get underway, and they released a letter presenting some benchmarks, including a package that doesn’t cut taxes for the top 1% and doesn’t increase the deficit.
Senate Majority Leader Mitch McConnell (R-Ky.) didn’t exactly welcome the Democratic recommendations. Politico reported:
Senate Republicans are sticking to their plans to pass a tax bill with 50 Republican votes, despite Democratic pleas not to be sidelined as they were on health care.
Majority Leader Mitch McConnell on Tuesday reaffirmed the GOP’s long-standing intention to shield any tax overhaul from a likely Democratic filibuster by using the procedural protections of budget reconciliation.
The GOP leader pointed to the Democrats’ letter as a justification to exclude Democrats from the process. Politico‘s report added that, as far as McConnell is concerned, Dems are “not interested in addressing” Republican priorities.









