Government
Where the GOP Tax Bill Stands
There’s good news for grad students, at least.
After Doug Jones pulled off his upset in Alabama’s Senate race on Tuesday, the deadline for reconciling the Senate and House versions of the Republican tax bill acquired a sudden urgency. Republicans want to pass the bill, like, now, or as soon as Monday, in hopes of locking in one more Republican vote before Jones takes his seat. Details of the bill are beginning to emerge as leaders work to speed the legislation through conference.
Hasty tax deliberations are unlikely to soothe critics who say that both the House and Senate tax bills are riddled with basic errors and carveouts. The unintended consequences of some of the intentional measures could be profound—to say nothing of the costs of writing blunders into law.