Trump, Republicans win key panel vote amid dramatic tax lobbying blitz

29 November 2017, 12:23 | Isaac Mcdaniel

Trump, Republicans win key panel vote amid dramatic tax lobbying blitz

Trump Heads to Missouri to Sell Tax Plan Ahead of Senate Vote

In typical bullish form, Trump is publicly expressing great confidence that the bill - which he claims represents the biggest tax cut in history - will pass.

Republican Senator Susan Collins of ME has said she backs two provisions in the House bill - retaining an individual income tax deduction for state and local property taxes, capped at $10,000 a year, and keeping the existing top individual tax rate of 39.6 percent for those making $1 million or more. They called the plan a "scam" and urged senators to vote no.

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 USA tax code.

But Republican Senate leaders, handicapped by their narrow two-vote advantage over Democrats, still lacked the votes to ensure that a bill that could be sent to the Senate floor as early as Wednesday can pass.

Ten months into his presidency, Trump is looking for passage of his first significant piece of legislation. He argued that those businesses got worse treatment under the plan than corporations, which would see their tax rate chopped to 20 percent from 35 percent. But after President Donald Trump personally lobbied Republican senators at the Capitol Tuesday, the committee passed the bill with little fanfare other than a few protesters who tried to disrupt the committee meeting.

The 12-11 party-line vote Tuesday came after Republican leaders addressed objections raised by GOP committee members who threatened to block it.

Trump, Republicans win key panel vote amid dramatic tax lobbying blitz
Trump, Republicans win key panel vote amid dramatic tax lobbying blitz

Ronna Romney McDaniel said all Republicans owe it to the American people to get tax reform passed during an interview on Sunday.

The CBO estimate also includes the effects of changes to spending for programs like Medicaid and Medicare.

He said, "We're going to let the Senate process go forward, encourage the Senate to deliver a good pro-growth product".

Poor Americans would lose billions of dollars in federal benefits under the proposal, according to the CBO report, largely because the measure eliminates the mandate forcing most Americans to get health insurance.

However, those tax cuts will only last until 2027, at which point people making less than $75,000 will pay more. The Tax Cut Bill is getting better and better.

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