Senate Republicans Face Possibility Of Major Changes In Tax Overhaul Plan

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Senate Finance Committee Chairman Orrin Hatch, R-Utah, center, and Sens. John Cornyn, R-Texas, right, and Patrick Toomey, R-Pa., left, walk from the West Wing to speak to reporters after a meeting with President Trump on Monday. MUST CREDIT: Washington Post photo by Jabin Botsford
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Senate Republican leaders on Monday faced rising odds they would have to radically alter their plan to overhaul the tax code, as they struggled to contain defections on the eve of a key vote.

Sen. Ron Johnson, R-Wis., vowed Monday to vote against the package during a Senate Budget Committee meeting Tuesday unless his concerns were addressed. With 12 Republicans and 11 Democrats on the panel, his opposition could prevent – or at least delay – the legislation from going to the Senate floor this week as GOP leaders had planned.

Johnson wants more tax cuts for millions of companies, known as “pass-throughs,” that effectively pay their taxes through the individual tax code. Johnson originally came out with his concerns about the bill nearly two weeks ago while expressing hope that sufficient changes would be made.

But on Monday, he said he was not yet satisfied, an indication of how difficult the bill’s math is. “If we develop a fix prior to committee, I’ll probably support it. But if we don’t, I’ll vote against it,” Johnson told reporters in Wisconsin.

If the bill fails to advance through the Budget Committee Tuesday, party leaders will be forced to either enter difficult new negotiations to amend the bill or possibly scrap the Senate version in favor of a far different tax bill passed by the House this month.

(c) 2017, The Washington Post · Damian Paletta, Mike Debonis, Erica Werner 

{Matzav.com}


1 COMMENT

  1. I will bet that this tax plan will sound so impressive and do nothing for anyone, but maybe get the congress re-elected in the next cycle. For all the are doing is moving numbers around to look like something is being done and it will be the same old, same old with numbers just moved around to look like they did something. Keep on voting for the same people and you will get the same old, same old junk again. congress is me, me, me , I , I, I, and where is my money congress with no more parties but themselves.

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