The Senate was unable to accept some provisions included in the House’s version of tax reform legislation. Specifically, the Senate stuck down provisions concerning the taxation of college endowment funds and tax-advantaged college savings accounts. This hiccup is an embarrassment to Republican lawmakers, who jubilantly celebrated as they sent the bill to the Senate for a vote. Democrats have pointed to the stall of the bill as an indication that it is being pushed through the process with too much haste. Oddly, this complaint rings eerily familiar, as many Republicans highlighted the parallels between feeding the goose for foie gras and the passage of the Affordable Care Act. Still, the Senate’s passage of the bill looks relatively certain once the distasteful provisions are removed.
See Brian Faler, House to Vote Again on Tax Overhaul After Senate Glitch, Politico, December 19, 2017.
