Ads target House Republicans over tax reform

Ads target House Republicans over tax reform

Ads target House Republicans over tax reform

The White House called the committee action "an important step toward passing historic tax relief and reform". While Republicans claim that future lawmakers will extend the tax cuts, that's no guarantee for the people who will be hurt if they don't.

Johnson told reporters Monday that he was working to strike a deal with Senate leaders to bring the benefits for those businesses more in line with the cuts planned for large corporations, which would see their income tax rate fall from 35 percent to 20 percent.

The lowest-income American households would take a hit while higher-earning taxpayers would see their burden reduced under the Senate Republican tax plan, according to the latest analysis from the nonpartisan Congressional Budget Office.

Tax rates for many individuals and families would also be cut temporarily before rising back to their previous levels in 2025.

Whether or not the Senate GOP finds a path forward in the coming days, its bill is certain to be considerably different from the House tax bill that passed earlier this month. That mechanism would increase revenue generation (essentially, hike taxes) if the bill did not deliver the amount of economic growth Republicans have promised.

The group discussed a slew of changes to the bill, including a "fiscal trigger", adjustments to the state and local tax deduction repeal, and a follow-up bill for Obamacare.

That will require cohesion among Republicans - something Senate Majority Leader Mitch McConnell, R-Ky., has said is a "challenging exercise" - considering Democrats aren't on board. "We got a commitment that puts us in a pretty good place", he said. The Senate plans to hold its own vote later this week, which would be followed by a bicameral conference to reconcile the two versions.

It is possible that Corker wants the bill to move into debate so that such a measure can be introduced.

The committee meeting was a dramatic moment for the bill, as the votes of at least two GOP senators were uncertain until they were cast.

The final version could address his concerns.

President Trump and White House officials have made entreaties to some Democratic senators representing states that voted for Trump past year, but they have yet to convince any to support the bill.

On a shutdown, Trump said, "If it happens it's going to be over illegals pouring into the country, crime pouring into the country, no border wall, which everyone wants".

Democratic Senator Jeff Merkley told MSNBC that the Corker concession was "an absolute gimmick" that could be undermined later.

Washington faces a December 8 deadline to pass a temporary spending bill to stave off a shutdown.

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