jimnyc
12-15-2017, 12:25 PM
Republicans are sprinting to pass their final tax bill — here's where it currently stands
-Republicans plan to finalize and release a joint House and Senate tax plan on Friday.
-Concerns from multiple GOP senators and health problems faced by others has added uncertainty ahead of an expected vote next week.
Republicans are rushing to pass their sweeping tax bill early next week — but last-minute roadblocks have thrown fresh uncertainty into the GOP's push to overhaul the U.S. tax code.
On Friday, House and Senate Republicans plan to nail down and release their final, joint tax legislation. They aim to pass the bill in both chambers by the middle of next week, getting President Donald Trump's signature before Christmas to hit their year-end target.
"I think that we are going to be in a position to pass something as early as next week, which is monumental," Trump told reporters on Friday.
New issues for the plan emerged on Thursday. Sen. Marco Rubio, R-Fla., said "I won't support the bill" unless GOP leaders expand the child tax credit. Sen. Mike Lee, R-Utah, who has not yet committed to supporting the bill, is also seeking more tax relief for working families.
Meanwhile, Sen. Bob Corker, R-Tenn., opposed the Senate version of the bill and could vote against the joint plan. Sen. Susan Collins, R-Maine, has not yet backed the proposal. GOP Sens. John McCain of Arizona and Thad Cochran of Mississippi have also missed votes this week due to health reasons, though Senate leaders have said they will be available to help push the tax bill through next week.
Rest - https://www.cnbc.com/2017/12/15/republicans-sprint-to-pass-final-tax-reform-plan.html
-Republicans plan to finalize and release a joint House and Senate tax plan on Friday.
-Concerns from multiple GOP senators and health problems faced by others has added uncertainty ahead of an expected vote next week.
Republicans are rushing to pass their sweeping tax bill early next week — but last-minute roadblocks have thrown fresh uncertainty into the GOP's push to overhaul the U.S. tax code.
On Friday, House and Senate Republicans plan to nail down and release their final, joint tax legislation. They aim to pass the bill in both chambers by the middle of next week, getting President Donald Trump's signature before Christmas to hit their year-end target.
"I think that we are going to be in a position to pass something as early as next week, which is monumental," Trump told reporters on Friday.
New issues for the plan emerged on Thursday. Sen. Marco Rubio, R-Fla., said "I won't support the bill" unless GOP leaders expand the child tax credit. Sen. Mike Lee, R-Utah, who has not yet committed to supporting the bill, is also seeking more tax relief for working families.
Meanwhile, Sen. Bob Corker, R-Tenn., opposed the Senate version of the bill and could vote against the joint plan. Sen. Susan Collins, R-Maine, has not yet backed the proposal. GOP Sens. John McCain of Arizona and Thad Cochran of Mississippi have also missed votes this week due to health reasons, though Senate leaders have said they will be available to help push the tax bill through next week.
Rest - https://www.cnbc.com/2017/12/15/republicans-sprint-to-pass-final-tax-reform-plan.html