A Better Way was a conservative agenda for U.S. governance, crafted by former Speaker of the HousePaul Ryan as well as Kevin Brady, former chairman of the House Ways and Means Committee.[1][2][3] Ryan called the six-point plan "a complete alternative to the Left's agenda".[4] Shortly after the 2016 United States elections, Speaker Ryan said that the plan, described by Reuters as an "aggressive Republican legislative agenda", provides a blueprint for laws he expected to spearhead in the Republican congress in cooperation with the Republican Trump administration.[5] For someone other than the party's nominee to direct the party's agenda in a presidential election year was termed "a rare move".[6]
The plan covers six points: Poverty, National Security, Economy, Constitution, Health Care, and Tax Reform.[7] The points in the plan, which Speaker Ryan intended to press forward in the 2017-2018 115th Congress, had been described as "mostly ignor[ing] the areas where Trump's agenda clash with tenets of conservative doctrine" such as trade policy, immigration reform and entitlement cuts.[8] It did not cover some points that were major issues in the presidential campaign, such as a border wall with Mexico and banning immigrants who are Muslims.[9]
Poverty
Proponents of the plan believe that welfare reform can address systemic problems of poverty in America. Critics say the plan will "cut the social safety net".[10]
National Security
The national security plan contains four sub-points: "defeat the terrorists," "protect the homeland," "tackle new threats" and "defend freedom". It further addresses border security with a plan to "accelerate the deployment of fencing, technology, air assets, and personnel at the border".[11] The plan was said to "push back" on Trump's "America First" agenda enunciated during the presidential campaign.[12]
U.S. economy
Constitutional rule
The constitution plan contains four sub-points: stopping executive overreach, reining in regulators, imposing new limits on spending, and increasing transparency[13]
A number of proposed changes to the United States tax code have been announced by the United States House Committee on Ways and Means.[14] The proposal would reduce the federal corporate tax rate from 35 percent to 20 percent as well as repealing the corporate alternative minimum tax (“AMT”).[15] Depreciation rules would be replaced with expensing new investment in equipment, structures, and intellectual property. Depreciation or expensing deduction would not be allowed for land, and inventories would be subject to last-in-first-out (LIFO) accounting. In addition, the deductibility of net interest expense would be eliminated.[15] Additionally, corporate tax would be "border adjusted", which would mean that exports would be exempt from the tax and imports subject to it.[15]
Border adjustmentedit
One of the largest revenue increasing proposals of the plan is reform of corporate tax which is "border adjusted." This would mean that exports would be exempt from tax and imports would be subject to it. The Economist and others note that this may fall foul of World Trade Organization (WTO) rules.[16][17]Bloomberg View noted that the proposed tax would favour domestically produced goods as they would be taxed less than imports, to a degree varying across sectors. For example, the wage component of the cost of domestically produced goods would not be taxed.[17] Because the United States imports more than it exports, border adjustability would raise $1.2trn over a decade, covering almost two-thirds of the cost of cutting the tax rate to 20%, according to the Tax Policy Centre.[16]
On January 16, Donald Trump commented that a border adjustment tax would be "too complicated" in a Wall Street Journal article.[18] White House Press Secretary Sean Spicer stated on January 26 said that the proposal was "one idea" of the administration in regards to tax policy.[19]
16. FIRST STEP Act, S. 756, Pub. L.Tooltip Public Law (United States) 115–391 (text) (PDF)
Referencesedit
^Ellen Carmichael (June 13, 2016), "Conservatism's Little Red Hen Moment: Speaker Ryan's 'A Better Way' proposals are the conservative-reform agenda of the future.", National Review
^James Pethokoukis (November 10, 2016), "Can Donald Trump and Paul Ryan share the GOP?", The Week
^Lohr, Steve (2016-12-12). "New Approach to Corporate Tax Law Has House G.O.P. Support". The New York Times. ISSN 0362-4331. Retrieved 2016-12-23.
^Mike DeBonis (December 3, 2015), "In address, Paul Ryan pledges a 'complete alternative' to the Democratic agenda", The Washington Post
^David Morgan (November 9, 2016), Speaker Ryan pledges to work with Trump on bold agenda, Reuters
^Mike DeBonis; Kelsey Snell (June 22, 2016), "Ryan rolls out policy agenda House Republicans can use in November", The Washington Post
^Ian Tuttle (August 24, 2016), "The Great Ignored Agenda", National Review
^Mike DeBonis (November 15, 2016), "Paul Ryan is set to remain as House speaker, and so are GOP tensions", The Washington Post – via Chicago Tribune
^Russell Berman (November 14, 2016), "Paul Ryan's Gamble: After months of keeping his distance without repudiating his nominee, the House speaker embraced Trump just in time to see his bet pay off", The Atlantic
^Alex Morash (June 8, 2016), Ryan's "Better Way" Poverty Plan Is Based On Myths From Right-Wing Media, Media Matters for America
^John Bat (June 9, 2016), "Paul Ryan releases national security plan", CBS News
^Russell Berman (June 10, 2016), "House Republicans Push Back on Trump's Foreign Policy: GOP leaders have crafted an agenda that bears little resemblance to their presidential candidate's stated vision", The Atlantic
^(PDF), U.S. Speaker of the House, archived from the original (PDF) on 2016-11-09, retrieved 2016-11-16
^, United States House Committee on Ways and Means, June 4, 2016, archived from the original on November 17, 2016, retrieved November 16, 2016
^ abcBrill, Alex (October 2016). "Tax Reform: Ryan-Brady Plan Is a Better Way" (PDF). Retrieved 2016-12-23.
^ ab"Republican plans to cut corporate taxes may have unpleasant side-effects". The Economist. 17 December 2016. Retrieved 2016-12-23.
^ abFreund, Caroline (18 January 2017). "Trump Is Right: 'Border Adjustment' Tax Is Complicated". BloombergView. Bloomberg LP. Retrieved 19 January 2017.
^Rubin, Richard; Nicholas, Peter (2017-01-17). "Donald Trump Warns on House Republican Tax Plan". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-01-27.
^Appelbaum, Michael D. Shear, Binyamin; Rappeport, Alan (2017-01-26). "White House Sows Confusion About Plan for a 20% Import Tax". The New York Times. ISSN 0362-4331. Retrieved 2017-01-27.{{cite news}}: CS1 maint: multiple names: authors list (link)
^Kaplan, Thomas. "House Passes Measure to Repeal and Replace the Affordable Care Act". NY Times. Retrieved May 4, 2017.
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A Better Way was a conservative agenda for U S governance crafted by former Speaker of the House Paul Ryan as well as Kevin Brady former chairman of the House Ways and Means Committee 1 2 3 Ryan called the six point plan a complete alternative to the Left s agenda 4 Shortly after the 2016 United States elections Speaker Ryan said that the plan described by Reuters as an aggressive Republican legislative agenda provides a blueprint for laws he expected to spearhead in the Republican congress in cooperation with the Republican Trump administration 5 For someone other than the party s nominee to direct the party s agenda in a presidential election year was termed a rare move 6 Contents 1 Six point plan 2 Border adjustment 3 Proposed 4 Results 5 References 6 External linksSix point plan editThe plan covers six points Poverty National Security Economy Constitution Health Care and Tax Reform 7 The points in the plan which Speaker Ryan intended to press forward in the 2017 2018 115th Congress had been described as mostly ignor ing the areas where Trump s agenda clash with tenets of conservative doctrine such as trade policy immigration reform and entitlement cuts 8 It did not cover some points that were major issues in the presidential campaign such as a border wall with Mexico and banning immigrants who are Muslims 9 Poverty Proponents of the plan believe that welfare reform can address systemic problems of poverty in America Critics say the plan will cut the social safety net 10 National Security The national security plan contains four sub points defeat the terrorists protect the homeland tackle new threats and defend freedom It further addresses border security with a plan to accelerate the deployment of fencing technology air assets and personnel at the border 11 The plan was said to push back on Trump s America First agenda enunciated during the presidential campaign 12 U S economy Constitutional rule The constitution plan contains four sub points stopping executive overreach reining in regulators imposing new limits on spending and increasing transparency 13 Healthcare House Republicans plan to repeal and replace the Affordable Care Act Obamacare citation needed Tax reform A number of proposed changes to the United States tax code have been announced by the United States House Committee on Ways and Means 14 The proposal would reduce the federal corporate tax rate from 35 percent to 20 percent as well as repealing the corporate alternative minimum tax AMT 15 Depreciation rules would be replaced with expensing new investment in equipment structures and intellectual property Depreciation or expensing deduction would not be allowed for land and inventories would be subject to last in first out LIFO accounting In addition the deductibility of net interest expense would be eliminated 15 Additionally corporate tax would be border adjusted which would mean that exports would be exempt from the tax and imports subject to it 15 Border adjustment editOne of the largest revenue increasing proposals of the plan is reform of corporate tax which is border adjusted This would mean that exports would be exempt from tax and imports would be subject to it The Economist and others note that this may fall foul of World Trade Organization WTO rules 16 17 Bloomberg View noted that the proposed tax would favour domestically produced goods as they would be taxed less than imports to a degree varying across sectors For example the wage component of the cost of domestically produced goods would not be taxed 17 Because the United States imports more than it exports border adjustability would raise 1 2trn over a decade covering almost two thirds of the cost of cutting the tax rate to 20 according to the Tax Policy Centre 16 On January 16 Donald Trump commented that a border adjustment tax would be too complicated in a Wall Street Journal article 18 White House Press Secretary Sean Spicer stated on January 26 said that the proposal was one idea of the administration in regards to tax policy 19 Proposed edit1 American Health Care Act H R 1628 passed House May 4 2017 20 21 2 Financial CHOICE Act H R 10 passed House June 8 2017 22 23 Results edit1 Consolidated Appropriations Act 2017 H R 244 Pub L Tooltip Public Law United States 115 31 text PDF 2 Countering America s Adversaries Through Sanctions Act H R 3364 Pub L Tooltip Public Law United States 115 44 text PDF 3 National Defense Authorization Act for Fiscal Year 2018 H R 2810 Pub L Tooltip Public Law United States 115 91 text PDF 4 Tax Cuts and Jobs Act of 2017 H R 1 Pub L Tooltip Public Law United States 115 97 text PDF 5 Bipartisan Budget Act of 2018 H R 1892 Pub L Tooltip Public Law United States 115 123 text PDF 6 Consolidated Appropriations Act 2018 including the CLOUD Act H R 1625 Pub L Tooltip Public Law United States 115 141 text PDF 7 Stop Enabling Sex Traffickers Act H R 1865 Pub L Tooltip Public Law United States 115 164 text PDF 8 Economic Growth Regulatory Relief and Consumer Protection Act S 2155 Pub L Tooltip Public Law United States 115 174 text PDF 9 Trickett Wendler Frank Mongiello Jordan McLinn and Matthew Bellina Right to Try Act of 2017 S 204 Pub L Tooltip Public Law United States 115 176 text PDF 10 National Defense Authorization Act for Fiscal Year 2019 H R 5515 Pub L Tooltip Public Law United States 115 232 text PDF 11 FAA Reauthorization Act of 2018 H R 302 Pub L Tooltip Public Law United States 115 254 text PDF 12 Music Modernization Act H R 1551 Pub L Tooltip Public Law United States 115 264 text PDF 13 America s Water Infrastructure Act of 2018 S 3021 Pub L Tooltip Public Law United States 115 270 text PDF 14 SUPPORT for Patients and Communities Act H R 6 Pub L Tooltip Public Law United States 115 271 text PDF 15 Agriculture Improvement Act of 2018 H R 2 Pub L Tooltip Public Law United States 115 334 text PDF 16 FIRST STEP Act S 756 Pub L Tooltip Public Law United States 115 391 text PDF References edit Ellen Carmichael June 13 2016 Conservatism s Little Red Hen Moment Speaker Ryan s A Better Way proposals are the conservative reform agenda of the future National Review James Pethokoukis November 10 2016 Can Donald Trump and Paul Ryan share the GOP The Week Lohr Steve 2016 12 12 New Approach to Corporate Tax Law Has House G O P Support The New York Times ISSN 0362 4331 Retrieved 2016 12 23 Mike DeBonis December 3 2015 In address Paul Ryan pledges a complete alternative to the Democratic agenda The Washington Post David Morgan November 9 2016 Speaker Ryan pledges to work with Trump on bold agenda Reuters Mike DeBonis Kelsey Snell June 22 2016 Ryan rolls out policy agenda House Republicans can use in November The Washington Post Ian Tuttle August 24 2016 The Great Ignored Agenda National Review Mike DeBonis November 15 2016 Paul Ryan is set to remain as House speaker and so are GOP tensions The Washington Post via Chicago Tribune Russell Berman November 14 2016 Paul Ryan s Gamble After months of keeping his distance without repudiating his nominee the House speaker embraced Trump just in time to see his bet pay off The Atlantic Alex Morash June 8 2016 Ryan s Better Way Poverty Plan Is Based On Myths From Right Wing Media Media Matters for America John Bat June 9 2016 Paul Ryan releases national security plan CBS News Russell Berman June 10 2016 House Republicans Push Back on Trump s Foreign Policy GOP leaders have crafted an agenda that bears little resemblance to their presidential candidate s stated vision The Atlantic A Better Way to Do the People s Business By the Numbers PDF U S Speaker of the House archived from the original PDF on 2016 11 09 retrieved 2016 11 16 House Republicans Unveil 21st Century Tax Plan Built for Growth United States House Committee on Ways and Means June 4 2016 archived from the original on November 17 2016 retrieved November 16 2016 a b c Brill Alex October 2016 Tax Reform Ryan Brady Plan Is a Better Way PDF Retrieved 2016 12 23 a b Republican plans to cut corporate taxes may have unpleasant side effects The Economist 17 December 2016 Retrieved 2016 12 23 a b Freund Caroline 18 January 2017 Trump Is Right Border Adjustment Tax Is Complicated BloombergView Bloomberg LP Retrieved 19 January 2017 Rubin Richard Nicholas Peter 2017 01 17 Donald Trump Warns on House Republican Tax Plan Wall Street Journal ISSN 0099 9660 Retrieved 2017 01 27 Appelbaum Michael D Shear Binyamin Rappeport Alan 2017 01 26 White House Sows Confusion About Plan for a 20 Import Tax The New York Times ISSN 0362 4331 Retrieved 2017 01 27 a href Template Cite news html title Template Cite news cite news a CS1 maint multiple names authors list link Kaplan Thomas House Passes Measure to Repeal and Replace the Affordable Care Act NY Times Retrieved May 4 2017 Roll call vote 256 via Clerk House gov Office of the Clerk of the U S House of Representatives June 8 2017 Retrieved June 10 2017 Roll call vote 299 via Clerk House govExternal links editOfficial website at the Wayback Machine archived 24 December 2018 Portals nbsp Conservatism nbsp Politics nbsp United States Retrieved from https en wikipedia org w index php title A Better Way amp oldid 1148676587, wikipedia, wiki, book, books, library,
