These Bipartisan Deals in Washington Make Sense in 2023
There will be a rare window of opportunity for both sides to reach deals on issues they know are good on the merits, but play poorly with the base.
Republicans and Democrats may not be that far apart of some key issues.
Photographer: Mark Wilson/Getty Images
If Republicans gain control of both the US House and Senate, their first move will likely be making the Trump administration’s tax cuts for businesses permanent. It will be costly, perhaps adding a little over $500 billion to the budget deficit, but there is a way for it to get done even in this era of high inflation.
The key is not only crafting a package that’s revenue neutral, but perhaps more importantly takes maximum advantage of the post-midterm political environment. There will be a rare window of opportunity for both Republicans and Democrats to concede to policies they know are good on the merits, but play poorly with the base. For Democrats, that means fully phasing-out both the State and Local Tax (SALT) deduction and the mortgage interest deduction.