Crapo, Brady Will Handle Trump’s Tax, Finance Agenda

By Ryan Rainey, Morning Consult.

Donald Trump has promised a “massive tax reduction” for middle-income Americans, a child care tax benefit, a reduction in the corporate tax rate to 15 percent, and an end to “special interest loopholes.” He has also promised a moratorium on federal regulations that most observers say is leveled squarely at the Dodd-Frank banking law.

The Republican-controlled Senate and the House in the next Congress will have to navigate those proposals. But key leaders on these issues, such as House Ways and Means Committee Chairman Kevin Brady (R-Texas) and Senate Finance Committee Chairman Orrin Hatch (R-Utah), are expected to remain at the helm of some of Congress’ most powerful committees.

One notable change will come to the Senate Banking Committee, where Sen. Mike Crapo (R-Idaho) is expected to succeed Sen. Richard Shelby (R-Ala.) as the panel’s chairman.