House Republicans Already Shooting Down Tax Bill’s Promises

House conservatives are already indicating that they’re prepared to block some of the key legislative promises that Senate Republicans demanded in exchange for their vote on tax reform legislation. Those promises materialized in the frantic final hours of the tax debate last week, as Senate Majority Leader Mitch McConnell (R-KY) gave Sens. Susan Collins (R-ME) and Jeff Flake (R-AZ) assurances that some […]

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Democrats fume over ‘absurd’ GOP tax bill full of last-minute handwritten edits

As a good portion of Americans were sleeping, Senate Republicans passed a $1.5 trillion tax bill in the wee hours of Saturday morning. The bill squeaked through the Senate in a 51 to 49 vote, almost entirely along party lines. Sen. Bob Corker (Tenn.) was the only Republican who — along with all Democrats — voted against the bill. Corker, who is not […]

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McConnell: Tax bill won’t add to nation’s debt woes

Fresh off his biggest legislative victory of the Trump era, Senate Majority Leader Mitch McConnell on Saturday disputed projections that the Senate’s tax bill would add to the nation’s debt woes. Back home in Kentucky just hours after the Senate narrowly pushed through the nearly $1.5 trillion tax bill, McConnell predicted that the boldest rewrite of the nation’s tax system […]

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Tax Bill Would Add $1T To Deficit

 The Latest on Senate Republicans’ tax overhaul bill (all times local):3:53 p.m. A new congressional analysis says the Senate tax package would add $1 trillion to the budget deficit over the next decade, much less than previously estimated. The new analysis by the nonpartisan Joint Committee on Taxation says the tax package would increase economic growth, generating an additional $458 […]

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Tax bill raises red flags for Senate GOP

The House Republican tax reform package has put Senate Republicans in a tough spot, much like the House-passed ObamaCare repeal bill did earlier this year. The legislation is expected to pass the House, starting a tougher battle in the Senate, where Republicans control 52 seats and can’t pass a bill if they suffer more than two defections and Democrats remain […]

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Republicans, already face setbacks as they prepare to unveil tax bill this week

The Republican effort to overhaul the tax code suffered a bruising setback over the weekend when a powerful corporate interest group came out against the proposal just days ahead of House leaders’ planned release of the legislation to the public. President Trump and GOP leaders are casting the measure as a once-in-a-generation rewrite of the federal tax code, one they […]

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