MORNING GLORY: Don’t DOGE The Deadline!
Panelists Robert Wolf and Steve Moore react to President-elect Trump’s plans for the proposed Department of Government Efficiency on ‘America Reports.’
Godspeed Elon Musk and Vivek Ramaswamy. "The Department of Government Efficiency" ("DOGE") has no statutory authority — yet. But it will have the ear of the president-elect and President Donald Trump will have the ears of Speaker of the House Mike Johnson and Senate Majority Leader-elect John Thune.
Every year that the House and Senate can agree on a budget, they can then deploy the statutory "reconciliation" process to pass laws that impact the implementation of that agreed-upon budget with a simple majority of the Senate. Such bills are not subject to the Senate’s filibuster rules.
It is widely expected that the first budget-reconciliation cycle will be used to extend and revise (and I hope make permanent) the Trump tax cuts from 47’s term as 45. Those tax cuts expire at the end of next year and the engine of economic growth for the decades ahead in the United States lies in that extension. There will be revisions to the tax code as well — to exempt tips from taxable income and perhaps to raise the state and local tax deduction from its very low limits. But the tax package has got to move through the first of the two budget-reconciliation cycles.
ELON MUSK SAYS 'ALL ACTIONS' TAKEN BY DEPARTMENT OF GOVERNMENT EFFICIENCY WILL BE ONLINE: 'TRANSPARENCY'
Other measures can be added to this "51-votes-in-the-Senate-is-enough" bucket of bills. I think the budget could, for example, authorize rapid permitting and construction of "Small Modular Reactors" (advanced nuclear reactors) across the U.S. provided that a very small tax was put on their........
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