Mitch McConnell Says Republicans Have The Votes To Pass Tax Bill

Mitch McConnell's Making Promises to Pass His Tax Bill That He Needs Democrats to Keep

"I was just handed a 479-page tax bill a few hours before the vote", Tester said in the video.

Blocked from including that provision because of the parliamentarian's ruling, Republican leaders delayed planned votes on the tax bill until Friday morning while they scramble for potential tax increases to offset the cost of their cuts.

The bill has come under sharp criticism from Catholics for its considerable tax breaks for corporations and policies that would disproportionately affect low-income families.

Again, McConnell's promise to Collins would nearly necessarily make the two health-care bills a subject for inclusion in spending legislation that is very much up in the air; there's no other vehicle in sight for "must-pass bills this year".

Sen. Elizabeth Warren of MA tweeted, 'No, I haven't had time to read the 500-page #GOPTaxScam bill that we're voting on tonight, ' with a photo of her reading aloud from pages at her desk.

The Senate bill passed early Saturday after last-minute changes were made to the legislation to win the support of almost every Republican. "We can quibble about how much growth, but what counts is the economy growing". Majority Leader Mitch McConnell (R-Ky.) could have sent it to the Senate floor without the committee's approval, and on a vote where only 3 Republicans defections would sink the measure, that departure from the Senate's "regular order" would have jeopardized the effort.

Other issues under discussion included if the 20 percent corporate tax rate might be raised, the extent of the child-tax credit, and the tax rate for small businesses. The measure focuses its tax reductions on businesses and higher-earning individuals, gives more modest breaks to others and offers the boldest rewrite of the nation's tax system since 1986. The party views passage as crucial to retaining its House and Senate majorities in next year's elections.

But with Sens. Susan Collins (R-Maine), Ron Johnson (R-Wis.) and Flake now supporting the bill, McConnell is expressing confidence it will pass on Friday night. He said he looks forward to signing a bill before Christmas. The deduction is for business owners who report their business income on their individual tax returns. But his vote probably won't matter: Even without Corker, Republicans appear to have the votes they need to pass the bill anyway. That change would match the House bill. They also increased a one-time tax on profits USA -based corporations are holding overseas and would require firms to keep paying the business version of the alternative minimum tax. "By effectively repealing the regressive Obamacare individual mandate tax, we are putting Americans in charge of their health care and giving them the freedom to choose the best coverage for themselves and their families". Another provision, knocked out because it violated Senate budget rules, would have explicitly let parents buy tax-advantaged 529 college savings accounts for fetuses, a step they can already take but which anti-abortion forces wanted to inscribe into law.

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