Global

Senate Republicans are confident they have the votes to pass tax bill

Senate Republicans are confident they have the votes to pass tax bill

Both Flake and Corker have said they are not running for office, making them immune to political fallout if the tax bill fails to pass. Senators who are not giving up their seats began to balk last night at "the huge influence guys who aren't answerable to voters" were having on the process, according to one senior Republican staffer. Rob Portman (R-OH) told reporters.

McConnell was foiled over the summer and fall by the GOP effort to repeal and replace the Affordable Care Act, suffering a number of embarrassing defeats that illustrated his inability to wrangle the Republican Senate conference.

The overall legislation would bring the first overhaul of the USA tax code in 31 years.

"This is not a flawless bill, but it is one that would deliver much-needed reform to our tax code, grow the economy, and help Americans keep more of their hard-earned money", McCain said. Republicans hadn't provided any detailed explanations or legislative text for the changes. He said he was encouraged by discussions with the White House and party leaders to include a mechanism - details still unknown - to automatically trigger tax increases if specified, annual economic growth targets aren't met.

The role of Flake and Corker in the tax overhaul is causing consternation among fellow Republican Senators.

Flake said he'd obtained a "firm commitment" from Republican leaders and the Trump administration to protect beneficiaries of the Deferred Action for Childhood Arrivals program, and changes to a budgeting gimmick that made the bill seem less expensive than it actually is. "If 5-year-olds knew what we were doing and could vote, none of us would have a job". Daines and Johnson signed on Friday morning. Holdout Sen. Susan Collins, R-Maine, who asked GOP leaders for multiple changes to the bill, has not yet committed to supporting it.

Daines and Johnson announced their support for the Bill on Friday after winning more tax relief for non-corporate pass-through businesses. Bill Nelson (D-Fla.) would hand states $2.25 billion a year to subsidize the cost of individuals requiring the most expensive medical attention. Susan Collins of ME said it was a "fair assumption" that she was likelier to support the bill after saying Trump agreed to make property taxes up to $10,000 deductible instead of eliminating that break entirely.

What wasn't clear Friday afternoon was what, if anything, Sen. The Senate parliamentarian concluded it would violate the special rules Republicans are using to pass the tax bill with no Democratic support. A vote on the plan could split Republicans.

Corker, a deficit hawk from Tennessee, stalled momentum on the tax bill on Thursday by demanding Republicans look for more ways to keep the bill from ballooning the deficit. If Corker were the lone GOP dissenter, the bill would pass 51-49.

The Senate Majority whip, John Cornyn, says he has the votes to pass the bill.

The sweeping package would slash corporate rates to 20%, a level not seen since the Great Depression, and reduce individual brackets, though studies show the benefits will flow mainly to wealthier Americans rather than lower- and middle-income households.

The Senate bill would need to be merged with a House-passed measure, which leaders hope to quickly finish in the days ahead.

Both the House and Senate bills would almost double the standard deduction to around $12,000 for individuals and about $24,000 for married couples.

Lawmakers have said they expect the two bills to be merged into one, which will require approval by each chamber, but there is still a lingering chance that the House will take the Senate bill in the end.