First in Punchbowl News: In tax world, the baseline is all the rage right now. Even the Joint Committee on Taxation is getting in on the fun.
In a new letter to Senate Democrats obtained by Punchbowl News, Congress’ nonpartisan tax scorekeeper lays out some background on the relatively untested scoring option that Republicans want to use to make the 2017 Trump tax cuts permanent in reconciliation. It underscores that the GOP would be charting a new course if they go this route.
