President Trump
promised on the campaign trail he would fight to give middle class Americans a
tax cut reminiscent of the historic Reagan tax cuts of the 80s. On November 2 during a gathering in the Oval
Office with members of the House Ways and Means Committee the President said, “We
are giving them a big, beautiful present for Christmas in the form of a tax
cut.”
The White House has
repeatedly urged congressional Republicans to move the bill through Capitol
Hill as quickly as possible so Trump can sign some form of tax cuts into law
before the Christmas holiday.
"I really believe
we'll have it done before Christmas. I consider that to be one of the great
Christmas presents," the President said.
Senate Republicans took
a significant step toward passing a sweeping tax overhaul on Tuesday, with a
key panel giving its approval and several wavering senators indicating they
would support the tax package, helping clear the way for full Senate
consideration later this week.
It's likely all 48
Senate Democrats will vote against the tax bill. That means Senate Republicans
can only afford two defections. They already have two likely no votes and even
more senators with competing concerns that could derail the bill.
Once again, it could
all come down to the senator from Arizona who is desperately in need of being
put out to pasture.
After sinking his Party’s
hopes of repealing Obamacare this year with a dramatic thumbs-down, the fate of
a tax overhaul may now sit in the hands of John McCain. In recent days, he has
been fairly tight-lipped about his views on the tax proposal speeding through
the Senate, saying he sees some problems with the existing bill but is waiting
for a final plan before making a decision.
Even those who know Mr.
McCain best are unsure how he will vote, but if history is any guide,
Republicans have reason to worry.
Some supporters of the
tax bill have been concerned that McStain, along with senators “Liddle” Bob
Corker (R-TN) and Jeff “Snow” Flake (R-AZ), could vote against the legislation
to spite the President.
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