November 3, 2017
The Playbook Podcast
POLITICO
3.9 • 699 Ratings
🗓️ 3 November 2017
⏱️ 4 minutes
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| 0:00.0 | Good Friday morning. I'm Jake Sherman and welcome to your political playbook audio briefing sponsored by BP. |
| 0:06.3 | And I'm Anna Palmer. All eyes in Washington are focused on the House Republicans tax bill. |
| 0:10.9 | Here's what we're hearing. There's been a push in the Capitol in the last 24 hours to include a repeal of the individual mandate in the tax bill. |
| 0:18.8 | Let's be honest. Republicans need as much revenue as they can get, |
| 0:22.6 | since they're slashing taxes so drastically and repealing the individual mandate gives them $400 billion |
| 0:27.6 | more to play with. Stay tuned on this. Also, the chairman's mark, additional fixes to the tax |
| 0:33.7 | bill, will be out by noon today ahead of the Monday markup. Here's the issues we keep hearing |
| 0:38.4 | about in the capital, the mortgage interest deduction dropping from $1 million to $500,000, property tax |
| 0:44.0 | deduction at $10,000, elimination of the second home mortgage interest deduction, and pass-through |
| 0:49.5 | rules. Here's a truth bomb from New Jersey Congressman Tom MacArthur who seems to be relishing |
| 0:53.6 | his wheeling and dealing role in just about everything these days. He said he doesn't, quote, care what anyone says. Republican leaders will be willing to negotiate if they don't have the votes. And for what it's worth, House Republicans met at 5.30 yesterday evening to discuss the tax bill, and leaders were heartened by the positivity in the room. Over |
| 1:10.8 | barbecue bus grub, which I smelled when I was staking out the meeting in the hallways, |
| 1:15.4 | leaders heard a steady stream of generally positive feedback about the bill. What to watch out for? |
| 1:20.6 | Lawmakers are going home today, and they will hear from businesses and constituents about this |
| 1:24.1 | bill over the weekend. Will the dynamic shift when folks trickle back into Washington next Monday? |
| 1:28.3 | We'll see. |
| 1:29.3 | The Wall Street Journal is out with a piece on the potential landmines in the bill, including |
| 1:32.3 | bond-issued projects that benefit private businesses. |
| 1:35.3 | They would no longer receive preferential tax treatment. |
| 1:38.3 | Our own Brian Fowler has a piece up on several lobbying groups coming out against the package, |
| 1:42.3 | including the home builders, the |
| 1:44.4 | national farmers, and the American Institute of Architects, among others. And Nancy Cook writes |
... |
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