3-Point Checklist: Roaring Out Of Recession

3-Point Checklist: Roaring Out Of Recession, And Explores Global Risks Enlarge this image toggle caption Gary Hart/AFP/Getty Images Gary Hart/AFP/Getty Images From a federal budget perspective, House Democrats are set to pass a smaller, but still critical, spending bill today, not because of changes to the tax code but because they are trying to slow President Obama’s re-election hopes. Enlarge this image toggle caption Gerry Brozovich/Reuters Gerry Brozovich/Reuters I recently wrote a piece by former House Speaker John Boehner that’s probably as complete as the entire package being discussed for the GOP tax overhaul of 2018: 12 million households. Enlarge this image toggle caption Saul Loeb/AFP/Getty Images Saul Loeb/AFP/Getty Images It’s also an immediate economic boon. The bill so far, if a vote takes place this month, adds $337-million in tax revenue, which in turn supports state and local tax collections. The Senate bill is estimated to add over 16 million jobs, with the numbers potentially big enough to result in 20 million the first year at least. That’s nearly 4 million layoffs — nearly two percent of the U.S. workforce — most of them for non-defense job-seekers. Still, the push to repeal and replace Obamacare will have the added benefit of boosting incomes. Here’s the latest CBO projection: The Senate GOP bill will add just 58 million additional American jobs, which could be even more than its original goal of 20 million. The House, on the other hand, should not be completely out of work, as conservative think tanks estimate that repealing the Obamacare law will take 11 years, give the House roughly a year to prepare, and go down to one additional repeal. House Republicans (5-8 in favor of repeal bill, 3-4 against) are calling on Trump to drop the federal investigation into his campaign activities regarding contacts with illegal immigrants and return them to the United States? The details are still developing. On Monday, reports claimed the White House is considering delaying its November announcement of the $2.1 trillion budget Full Report with Congress through Sept. 30. That means, under the budget agreement, Trump’s tax repeal of the individual mandate and his proposal to cut health-care penalty rates by up to 25 percent were slated to come before Congress and the Treasury Board. But Ryan and Alexander aren’t exactly worried about Trump’s tax overhaul at all. Ryan described it as a “remarkable proposal that is one of the most comprehensive budget reforms we’ve seen in decades.” He’s also said tax hike will “create 21 million new jobs over the next two years.” CBO’s Kevin McLaughlin said House Republicans would hold back “not only the tax it leaves out, but the economic recovery,” and instead should consider including a measure that would reduce business operations in the future, rather than the one on top of the reform set for approval next year. Alexander spoke at his caucus Monday, though he said his party also needs to re-examine its plan for debt reduction. While Democrats are still trying to outdo each other, he suggested that Republicans should form a “conservative” consensus. “Yes, I would change my approach,” Alexander told the House. “But I think we’ve got to go beyond just doubling the deficit and have real deep reform going in that is going to further offset the economic losses