President Trump to promote tax reform in Missouri visit

Screengrab via SenatorCorker  YouTube
Screengrab via SenatorCorker YouTube
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29 November, 2017

The ad urges people to call the five Republicans, who voted in favor of the bill, and says there's "still time to right this wrong" and "vote "no" on any tax plan that hurts our health care".

Moments after he left the Capitol, two key Republican senators on that committee, Ron Johnson of Wisconsin and Bob Corker of Tennessee, who had been holding out for more concessions to meet their different concerns about the measure, told CNN they would vote for it. All 11 Democrats were opposed.

Republicans want to push their tax-cut package through the Senate ahead of the budget showdown and get a final version to Trump's desk before the end of the year. Drilling in the refuge has always been a contentious issue, pitting environmentalists against those who want to increase domestic oil production.

The president was having lunch with some members of the Senate Finance Committee ahead of what was expected to be a series of contentious votes in the full Senate later in the week over proposed changes to the labyrinth US tax code.

It got a boost Tuesday when Sen.

Sen. Susan Collins of ME says she has won support to amend the Senate's sweeping tax bill allow homeowners to deduct at least a portion of their local property taxes on their federal tax returns.

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The current Senate bill repeals the entire state and local tax deduction, which helps more than 43 million families reduce their federal tax bills. Collins said the Senate bill would be amended to allow homeowners to deduct up to $10,000 in property taxes, which is similar to a provision in the House-passed bill.

When asked if she is now more likely to support the bill, Collins said that is a "fair assumption".

A pro-ObamaCare group is targeting five House Republicans on the GOP's tax reform plan, arguing it would increase health-care costs for Americans.

The tax plan, as written, would widen the US budget deficit by $1.4 trillion over 10 years, but Republicans say that gap would be narrowed by additional economic growth. The trigger would be a way for senators to test their economic assumptions, with real consequences if they are wrong. No Democrats have announced their support for the measure and several Republican senators have voiced objections to specific provisions, leaving their eventual support in doubt.

Corker said the bill would be modified to automatically raise tax revenues if growth targets were not reached.


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