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The move prompted bipartisan criticism on the Hill as lawmakers claimed the levies would raise prices for consumers and prompt retaliatory measures that could hurt U.S. businesses.
The Vault
March 24, 2024

The tax bill’s swan song

The Wyden-Smith tax bill is hanging on by a thread.

Senate Republicans are locking in with Finance Committee Ranking Member Mike Crapo (R-Idaho) against it, giving every signal they’d be willing to kill the bill on the floor.

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Crapo pans Wyden-Smith tax bill to GOP colleagues
The Senate Finance Committee’s top Republican told GOP colleagues privately on Wednesday that he doesn’t want to pass a tax bill this year.
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Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by The Texas Tribune Festival

Shape the future of Texas at the 15th annual Texas Tribune Festival — Texas’ breakout ideas and politics event happening Nov. 13–15 in downtown Austin. Be there for a deep dive into the ideas and actions transforming our state.

 

Get Tickets

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