Eve of Destruction: Senate GOP to Vote on Awful Tax Bill at 11 This Morning
They had hoped to vote for it last night but after Steve Mnuchin failed to give cover to the so-called deficit hawks they’re going to try for this morning at 11 AM. They still need to give cover to a few queasy GOP Senators.
“Senate Republicans are still scrambling to win over enough votes to pass their massive tax code overhaul, with major changes to the bill still up in the air and debate pushed into Friday.”
“Senate Majority Leader Mitch McConnell (R-Ky.) said the next vote in the tax debate will come at 11 a.m. Friday, as work continues behind the scenes to win over skeptical deficit hawks and other swing votes.”
“Multiple GOP senators leaving the chamber after a dramatic late afternoon vote said a key proposal for deficit hawks — a trigger to raise tax rates if sufficient economic growth did not materialize — would not pass procedural muster and would need to find something else to satisfy the bloc of deficit hawk holdouts, led by Sen. Bob Corker (R-Tenn.).”
“It doesn’t look like the trigger is going to work, according to the parliamentarian,” Senate Majority Whip John Cornyn (R-Texas) said. “So we have an alternative, frankly: a tax increase we don’t want to do to try to address Sen. Corker’s concerns.”
Corker told reporters: “My understanding is, that the parliamentarian has ruled against it so they’re just going to automatically put [tax increases] in, period.” Corker and Sen. Jeff Flake (R-Ariz.) said the revenue raised with tax increases — which senators say would kick in six years after the enactment of the tax legislation — would total about $350 billion, although Cornyn suggested that figure may need to go higher.”
“Late Thursday, Republicans huddled with leadership and tax policy staff to work on a solution.”
“Sen. Thom Tillis (R-N.C.), who supports the current package, estimated that Republicans needed to find an additional $370 billion to $400 billion within their package to placate concerns about increased deficits.”
A tax increase on who? Surely the nonrich. Only if you don’t have money will the GOP consider raising your taxes.
“What we’re trying to do right now is get to the point where nobody’s going to get exactly what they want but enough for us to get the bill passed,” he told reporters.
“The sudden need to regroup came after extended drama on the Senate floor Thursday during an otherwise mundane procedural vote, when Corker, Flake and Ron Johnson (R-Wis.) initially withheld their support on a vote to move forward with the bill. Ultimately they aligned with their party, but it suggested real concerns remained, including friction among Republicans over whether to stick to the 20 percent corporate tax rate rate insisted on by the White House.”
“Johnson withheld his vote during the standoff in exchange for votes on his amendments, including one that would further increase a tax deduction for pass-through businesses to around 25 percent.”
Basically what price will buy out the consciences of the holdouts?
Now is the time to be making our voices heard:
Make sure you know how your Senators are going to vote tomorrow on this bill. I will let NYers & everyone know what comes in the GOP’s next secret draft, but it’s your calls, emails, faxes, et al that make the difference, so please make your voices heard on this #GOPTaxScam
— Chuck Schumer (@SenSchumer) December 1, 2017
P.S. I’m Mike Sax, I’m running for Congress in the NY 2nd District and I’m a Hillary Clinton Democrat.
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