Republicans push tax bill forward, Trump hails GOP 'love fest'

Republicans push tax bill forward, Trump hails GOP 'love fest'

The House passed its own tax-cut measure last month, and Senate Republicans can afford to lose no more than two votes among their ranks to pass the measure without Democratic help.

The House passed its version of tax-reform legislation on November 16, 227-205.

Since Trump took office in January, he and fellow Republicans in command of both chambers of Congress have approved no major legislation, a fact they want to change before facing the voters in the 2018 midterm congressional elections.

A possible "fiscal trigger" to appease deficit hawks: Senators like Bob Corker, James Lankford, Jerry Moran, and Jeff Flake have all expressed concerns about the tax bill's potential effect on the debt and deficit.

The Senate bill would slash the corporate tax rate to 20 percent from 35 percent after a one-year delay.

The ad urges people to call the five Republicans, who voted in favor of the bill, and says there's "still time to right this wrong" and "vote "no" on any tax plan that hurts our health care". He wants further cuts for "pass-through" businesses that do not directly pay income taxes but instead send their earnings to their owners to be taxed as individual income.

Currently, there are at least 97 different federal taxes.

No official analysis has been released by the Treasury Department or the nonpartisan congressional Joint Committee on Taxation to support the GOP claims that economic growth generated by the tax plan will make up for the massive revenue losses. The House would keep individuals' state and local property tax deduction, which the Senate bill would eliminate.

Читайте также: Gundy meeting with Tennessee

"It was very, very special", Trump told reporters in the Roosevelt Room of his meeting with Republican senators.

The Alexander-Murray bill has enough support in the Senate but has been blocked by GOP leadership.

But outcome of the committee vote remained in limbo Tuesday morning, with two members of the panel threatening to oppose unless their concerns are addressed.

The Corker concession was one of several lingering uncertainties in the bill that Senate aides said would be nailed down as the measure neared a floor vote.

As the tax fight played out, a new battle opened on another front as Democrats cancelled a White House meeting with Trump to discuss spending, immigration and other issues after Trump said on Twitter that he did not think a deal was likely.

On a shutdown, Trump said, "If it happens it's going to be over illegals pouring into the country, crime pouring into the country, no border wall, which everyone wants".

Lawmakers must renew government funding before it expires on December 8 or risk a shutdown.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2017 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Related Articles

  • Mariah Woods: FBI Joins Search for 3-Year-Old Missing NC Girl

    Mariah Woods: FBI Joins Search for 3-Year-Old Missing NC Girl

    Her mother told ABC 13 that her boyfriend last saw the 3-year-old around midnight, that's when he told her to go back to sleep. An Amber Alert was issued Monday for Mariah Kay Woods , who was last seen at 2405-7 Dawson Cabin Road in Jacksonville.
    Jeff Bezos' net worth breaks $100 billion on Black Friday

    Jeff Bezos' net worth breaks $100 billion on Black Friday

    Online sales for Black Friday are up 18.4% from past year , while the projected final spend is $5bn, according to Adobe Analytics. Bezos is the first person to pass the $100bn mark since Microsoft co-founder Bill Gates in 1999, according to Bloomberg .
    3 people dead, 9 injured

    3 people dead, 9 injured

    The chief minister directed officials to ensure adequate and speedy treatment of the injured, an official release said. The engine of the Jammu-Patna Archana Express separated twice from the train near Saharanpur in Uttar Pradesh.
  • Trump Uses

    Trump Uses "Racial Slur" During Event Honoring Native Americans

    Trump, while addressing one member of the Navajo group, said: "I just want to thank you because you are very, very special people".
    Meredith to buy Time for $3.8b in all-cash transaction

    Meredith to buy Time for $3.8b in all-cash transaction

    Time has been reeling under the same pressures facing the rest of the magazine industry. Bringing Time's brands to Meredith will bolster the company's roster of publications.
    FBI Obtained The Most Gun Related Background Checks On Black Friday EVER

    FBI Obtained The Most Gun Related Background Checks On Black Friday EVER

    That's because a buyer looking to purchase multiple firearms in a single purchase only has to submit to one background check. A total of 26 people were killed November 5 when a gunman opened fire on people at a church in Sutherland Springs, Texas.
  • Officer-involved shooting at Mall in Arlington, Texas

    Officer-involved shooting at Mall in Arlington, Texas

    He pulled out what police said was later found to be an imitation weapon and pointed it at the police officer on the first floor. The department's Chris Cook said it's too hard for an officer to differentiate a real versus a fake gun during a pursuit.
    Melania Trump's friend confirms what we always knew about being First Lady

    Melania Trump's friend confirms what we always knew about being First Lady

    During the transition between Barack Obama and Donald Trump, East Wing workers "had very little to do". The decor includes an homage to Nancy Reagan's favorite decoration for the holidays, cranberry trees.
    Matt Luke's contract details released by Ole Miss

    Matt Luke's contract details released by Ole Miss

    Taking over for Hugh Freeze , who resigned amidst controversy in July , Luke led Ole Miss to a 6-6 overall record (3-5 SEC West). Luke guided the Rebels to a 6-6 record this season, capped by a victory against Mississippi State last Thursday in Starkville.
  • No Snoopy Christmas tree for me

    No Snoopy Christmas tree for me

    They didn't grow anymore and now were starting to see the effects down the road from that time. "Last year about five percent". Experts say customers can expect to pay slightly higher prices this year, an average of about $10 more.
    Sunny and cooler today

    Sunny and cooler today

    Another cold front will move in from the north Wednesday night, reinforcing the cooler air over the state for Thursday . I wouldn't be surprised if a Wind Advisory or High Wind Warning is issued sometime Sunday afternoon.
    Jose explains what he finds 'hard' about playing Pogba

    Jose explains what he finds 'hard' about playing Pogba

    It was a very hard game against a brilliant opponent defending well but with a very risky counter attack. That's a team that excites more. "I think they were good from minute one until the last minute".