Congressional Twilight Zone
by Adam Hughes*, 4/7/2006
Despite a flurry of last minute negotiations and abundant rumors from Capitol Hill, GOP negotiators could not find a compromise on the long-delayed 2005 tax reconciliation bill before they left Washington for a two-week recess. Both the president and GOP leaders in Congress made a push to reach consensus on the bill before the upcoming tax filing deadline on April 15.
This was the second positive piece of fiscal news coming out of Congress in less than the span of a few hours yesterday afternoon. Those kinds of days have been few and far between in Washington recently and have convinced many veteran Capitol Hill watchers that perhaps, just for a short time, Congress moved beyond sight and sound and briefly passed into the twilight zone at some point yesterday afternoon. As of this posting however, that was still unconfirmed...
Maybe Congress will now re-instate pay-as-you-go (PAYGO) rules and complete a fiscally responsible trifecta?
