What Has To Happen For The Senate Tax Bill To Become Law

Elias Hubbard
December 6, 2017

That's because there's still work to be done before the bill can become law, as Republican Senator Lisa Murkowski of Alaska acknowledged to reporters.

Wyden seconded Durbin's call, saying the Republicans' last-minute partisan process on the tax bill was "outrageous", and added that the text should be in the Senate record so the "American people can get a sense of the kind of flimflam that's going on here". Lawmakers voting against the bill included 10 vulnerable Democrats from states Trump won past year, some handily.

PRESIDENT DONALD TRUMP: So last night, we passed, in the history of the country, the largest tax cuts and reform. "There is a honest desire on this side of the aisle to work with the GOP, particularly on tax reform, but we have been rebuffed, time & time again". "I don't think politically it's good to vote against tax cuts".

When lawmakers needed a way to limit the legislation's impact on the deficit to make it comply with Senate rules, they made the bill's tax cuts affecting individuals temporary - ending in 2025 - while leaving in place ones that benefit corporations.

Congress' nonpartisan Joint Committee on Taxation has said the bill's reductions for many families would be modest and said by 2027, families earning under $75,000 would on average face higher, not lower, taxes. That could ease one potential area of contention with the House bill.

Making state and local taxes no longer deductible from federal income taxes essentially subjects U.S. households to "double taxation", by taxing them twice on the income they earn, according to a report (pdf) from the Government Finance Officers Association (GFOA), a non-partisan group of state and local finance professionals from the USA and Canada. Robert Menendez (D-N.J.), would have restored deductions for state and local income taxes; those deductions were removed in the tax reform bill. "This bill is not helping teachers and police officers and construction workers. It doesn't help people with preexisting conditions who might get priced out of the market".

Schumer hasn't had to do a lot of arm twisting with a caucus whose politics range from liberal Sen.

By a vote of 51-49, the Senate passed a tax overhaul bill early Saturday morning that included a repeal of the Affordable Care Act's (ACA) individual mandate, which requires people to buy a health insurance policy or pay a penalty.

"It's a awful bill", said Sen. On Friday, after The Washington Post reported that Trump is telling friends he would win a showdown with Democrats, Schumer criticized president for his brinkmanship.

A third-generation farmer, Tester said if he imposed debt on his family farm at a rate similar to the tax bill, "my kids would go broke". Republican Arizona Sen. Jeff Flake, who was on the fence, said he gave his support to the bill after receiving assurances from the White House and Senate leadership to advance a legislative fix to "enact fair and permanent" protection for illegal immigrants who came into the country when they were young.

"Millionaires, billionaires and gazillionaires should not have tax breaks", Manchin said in an interview.

"I'm not anxious about the rich in this country".

Republicans looking to unseat Democrats next year were ready with their criticism.

Several health-related amendments proposed by the Democrats and independents went down to defeat, including a proposal by Sen.

Sen. Jeff Flake, R-Ariz. - who like Corker had been a holdout and has sharply attacked Trump's capabilities as president - voted for the bill.

"Once again, it looks like Sen".

In the two letters, sent to the House and Senate respectively, the US bishops outlined six moral principles that they believe the bill must consider: care for the poor, the strengthening of families, maintaining the progressivity of the tax code, raising adequate revenue for the common good, avoiding cuts to poverty programs to finance tax reform, and incentivizing charitable giving and development.

Rep. Lou Barletta, a Pennsylvania Republican who is seeking to challenge Democratic Sen.

Other reports by Click Lancashire

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