Politicians in Washington, D.C., need to abide by two simple orders to pass tax reform that will drive market extension: Don’t do what the Democrats did in recording the Affordable Care Act back in 2009, and don’t take what the Republicans just decided to do in losing to revoke and replace President Obama’s health care enactment.
That was the information passed by Republican Sen. James Risch of Idaho and Democratic Sen. Jeanne Shaheen of New Hampshire — both of whom work on the U.S. Senate Committee on Small Business & Entrepreneurship. The representatives mentioned an opinion that’s been out-of-favor on Capitol Hill: Bipartisanship.
For bill on tax reform to be successful, Shaheen said that it requires going through legal orders and methods in the Senate. “Have committee hearings to listen to what people have to say, to hear the specialists and then to work together in a bipartisan way,” Shaheen told CNBC. “That’s what the American people want, and I think that’s what the majority of our co-workers want.”
Sen. Risch views apparent models to be learned from health care.
“With all due respect, in 2009, it wasn’t done through regular order,” he replied, pointing to the initiation of the Affordable Care Act. And when the Republican-controlled Congress tried to cancel the ACA, “We didn’t do it through regular order.” Trump has made it clear his government next plans to undertake tax reform.
Taxes are the No. 1 issue cited by entrepreneurs including regulation, customer order and the cost of employee health care all bound for second at most 14 percent. Passing tax reform will demand the cooperation of a consumed and distributed Congress. “We just went through the health care thing, and people are tired,” Risch said. “This was a very tough exercise.”