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Senate Moves Tax Bill Forward, GOP Split Over Details
Topic Started: Nov 29 2017, 07:53 PM (6 Views)
Webster
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Washington Post: Senate rushes tax bill forward, but Republicans split over key details

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A massive GOP tax bill cleared a key procedural hurdle in the Senate Wednesday, as lawmakers voted to move the legislation forward toward a showdown vote on final passage by week’s end.

The party-line vote was an important victory for Majority Leader Mitch McConnell and President Trump, signaling support and momentum for the legislation that overhauls the loophole-ridden tax code for the first time in three decades while delivering enormous cuts to corporations and the wealthy. But it was not a guarantee of ultimate success, as several Republican lawmakers agreed to open debate on the bill so they could pursue amendments, and have not yet committed to voting “yes” on final passage.

“Passing tax reform is the single most important thing we can do right now to shift the economy into high gear and deliver much-needed relief to American families,” McConnell (R-Ky.) said on the Senate floor ahead of Wednesday’s vote, as he urged fellow Republicans to support the measure to open debate.

Passage of the “motion to proceed” started the clock on 20 hours of debate on the legislation, which will be followed by a so-called “vote-a-rama” in which lawmakers can offer endless amendments into all hours of the night Thursday. Then will come the final vote.

With Democrats unanimously opposed, McConnell can lose only two GOP senators in the closely divided Senate and still prevail on the bill. Despite well-documented disagreements between McConnell and Trump, the tax legislation is the No. 1 goal for both men as they pursue an economy-boosting tax cut sought by donors and corporations, as well as a political victory to present to voters ahead of next year’s midterm elections.
-Read more: https://www.washingtonpost.com/business/economy/senate-rushes-tax-bill-forward-but-republicans-split-over-key-details/2017/11/29/feb8dfb6-d52a-11e7-b62d-d9345ced896d_story.html?pushid=5a1f3f0eb0a05c1d0000006f&tidr=notifi_push_breaking-news&utm_term=.12bc2f39359b
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