Gaming the odds of any GOP tax bill getting signed into law

Gaming the odds of any GOP tax bill getting signed into law
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What are the odds that this new GOP Tax Bill – called The Tax Cut and Jobs Act – passes and is signed into law? Let us go through the political calculations and make a series of estimates:

1. This particular bill itself — as announced last week — will not be passed — ever.

2. But that is normal;

3. It will be changed, tweaked, altered, bargained over and negotiated into a different bill;

4. That is also normal — so expect that to happen;

5. This analysis is not interested in any particular clause, provision, amendment or rider; there will be endless talk in the next two weeks of the deductibility of state and local taxes, 401(k)’s, tax brackets, rates etc.;

6. Instead, this analysis is only of the likelihood of any tax bill becoming law;

7. Speaker Ryan continues to express confidence that a bill — whatever it is or will be — will be passed by Thanksgiving. That is just 16 days from now.

8. An army of lobbyists is currently swamping the House trying to get certain provisions of this bill changed. They will succeed but the current bill will still exist in some form;

9. The politics of 2018 and the disastrous first year of a Republican-controlled Congress dictate that the House GOP pass something and, for that reason, they will pass it close to — just before or immediately after — Thanksgiving;

10. The polling on this bill — as it was on the ObamaCare Repeal bill — will increasingly decline. The GOP tax bill will be seen as “favoring Big Corporations and the rich” and “not helping the middle class;” and this toxicity will cause some GOP House Members to shy away from this bill;

11. This GOP bill will rival the ObamaCare repeal for closeness in the vote; just a few votes will separate passage and defeat but the GOP House (with all Dems voting “No”) will indeed pass a tax Bill;

12. The odds? I put it at an 85 percent likelihood of passage;

13. And then the real gambling begins — in the Senate;

14. The House bill will go over to the Senate in early December and the process begins anew;

15. But in early December both the House and Senate will also be consumed by a continuing resolution and/or the 2018 fiscal year budget, the debt ceiling, DACA, and maybe a discussion of funding the border wall;

16. The president will exert tremendous pressure to get him a tax bill to sign before Christmas as a Christmas present to the American people;

17. To President Trump, the contents of this bill matter little — just as the contents of the summer’s failed health care repeal were of no interest to him. He just wanted the ceremony of signing something – and proclaiming “a win!”

18. However, it is not just the contents of a tax bill that will make a Senate vote a nail-biter;

19. We all know the math: All 48 Democrats (46 plus two Independents who caucus with the Dems) will vote No; of the 52 GOP Senators, the Republicans can only lose two;

20. Sounds like the ObamaCare Repeal vote, doesn’t it?


22. And No;

23. Since Sen. John McCainJohn Sidney McCainMcConnell: 'Whoever gets to 60 wins' on immigration Meghan McCain: Melania is 'my favorite Trump, by far' Kelly says Trump not likely to extend DACA deadline MORE’s (R-Ariz.) thumbs-down vote on July 28th, the GOP Senate Conference has changed — a lot: Senators Bob CorkerRobert (Bob) Phillips CorkerPentagon: War in Afghanistan will cost billion in 2018 K.T. McFarland officially withdrawn as nominee for ambassador K.T. McFarland withdraws as nominee for ambassador MORE (R-Tenn.) and Jeff FlakeJeffrey (Jeff) Lane FlakeMcConnell: 'Whoever gets to 60 wins' on immigration Huckabee Sanders: Dems need to decide if they 'hate' Trump 'more than they love this country' Trump spokeswoman fires back at Flake: 'His numbers are in the tank' MORE (R-Ariz.) — both of whom voted for the ObamaCare repeal — have announced that they are not running for reelection and have subsequently been involved in nasty personal exchanges with Trump;

24. Plus, Sen. Rand PaulRandal (Rand) Howard PaulPentagon: War in Afghanistan will cost billion in 2018 Overnight Finance: Senators near two-year budget deal | Trump would 'love to see a shutdown' over immigration | Dow closes nearly 600 points higher after volatile day | Trade deficit at highest level since 2008 | Pawlenty leaving Wall Street group Rand Paul calls for punishment if Congress can't reach a long-term budget deal MORE (R-Ky.) has expressed doubts about the bill, as he always does;

25. And McCain is still expressing anti-Trump sentiments;

26. And we haven’t heard from Sens. Susan CollinsSusan Margaret CollinsMcConnell: 'Whoever gets to 60 wins' on immigration GOP senators turning Trump immigration framework into legislation Longtime Clinton confidant blames Comey for 2016 loss MORE (R-Maine) and Lisa MurkowskiLisa Ann MurkowskiLawmakers scold Trump official over Pacific island trust fund Republican agenda clouded by division Greens sue over Interior plans to build road through Alaska refuge MORE (R-Alaska);

27. Meanwhile, former White House chief strategist Steve Bannon has declared war from the Right on all GOP “establishment” senators, angering Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellDems confront Kelly after he calls some immigrants 'lazy' McConnell: 'Whoever gets to 60 wins' on immigration Overnight Defense: Latest on spending fight - House passes stopgap with defense money while Senate nears two-year budget deal | Pentagon planning military parade for Trump | Afghan war will cost B in 2018 MORE (R-Ky.) and shaking many of Bannon’s targets;

28. Thus the math becomes even more difficult;

29. As of today, I put the odds at 50-50 that the Senate passes any tax bill;

30. And that bill will be substantially different than the House bill, thus requiring a conference committee and thus a re-vote in both houses;

31. So, ultimately, the odds are against anything getting final approval before Christmas;

32. And after Christmas?

33. As of today, it’s 51-49 in favor of something eventually passing.

34. Why? Because the GOP knows another massive, epic failure spells the near-certain loss of the House in 2018.

35. For that reason alone they will pass something — never mind how unpopular;

36. And then they will probably still lose the House in November.

John LeBoutillier is a former Republican congressman from New York and is co-host of "Revolution — The Podcast," available on Soundcloud and iTunes.