Mitch McConnell Says Republicans Have The Votes To Pass Tax Bill

Hillsdale College   Wikimedia Commons

Republicans pushed a almost $1.5 trillion tax bill through the Senate early Saturday after a burst of eleventh-hour horse trading, as a party starved all year for a major legislative triumph took a giant step toward giving President Donald Trump one of his top priorities by Christmas. John McCain (R-Ariz.) cited this summer in his late-night vote to stop the GOP from repealing large chunks of the Affordable Care Act.

Collins told reporters Wednesday that she has a commitment from Republican Senate Majority Leader Mitch McConnell that both Alexander-Murray and Collins-Nelson bills are "must-pass" bills this year.

Analysts said lawmakers could scale back tax cuts for corporations and top individual earners. Their bill would be the biggest overhaul of the USA tax system since the 1980s.

The video that accompanied the tweet showed the Montana Democrat's displeasure with the bill, which passed the Senate by a 51-49 margin in a major legislative victory for President Donald Trump. Senate leaders both declared the report junk and claimed it vindicates their claim that the tax bill will pay for itself.

The House bill, meanwhile, would tax the value of tuition waivers for graduate students employed as teaching and research assistants, dramatically hiking taxes on a modestly compensated workforce.

Their support is key because Senate Republicans hold a slim 52-48 majority in the Senate, meaning they can only afford to lose two votes, with Vice President Mike Pence casting the tie-breaker.

Tax cuts - a move that hasn't been accomplished by Congress in about 30 years - were vigorously opposed by Democrats.


"We're doing massive tax reform on an absolute incredible timeline", he said.

Those groups said provisions that would prevent federal filers from deducting state and local taxes, and eventual tax hikes on middle-class families if the sunset cuts are not extended would cause property values to drop by 10 percent and eliminate an incentive for homebuyers.

Sen. Ted Cruz (R-Texas) said he would have a "serious problem" with any plan that sets off higher taxes.

"We think we're going to get it done by the end of the year", she said.

"After agreeing in principle with Senate leadership, members of the finance committee, and the administration on a trigger mechanism to ensure greater fiscal responsibility should economic growth estimates not be realized, I voted today to advance this important piece of legislation", Corker said in a statement after voting the bill out of the Senate Budget Committee. Ron Johnson (R-Wis.) and Steve Daines (R-Mont.) secured changes in the last 24 hours to a business deduction that would cost approximately $60 billion over the next decade, according to Daines. Trump and other Republicans insist that the corporate tax rate must be reduced from 35 percent to 20 percent.

Leaders' changes included helping millions of companies whose owners pay individual, not corporate, taxes on their profits by allowing deductions of 23 percent, up from 17.4 percent.

Getting the needed 50 votes was not a done deal as of Friday morning.

Related:

  • Mourinho on Matic facing Arsenal, Neville on Man City race, Owen prediction

    Mourinho on Matic facing Arsenal, Neville on Man City race, Owen prediction

    He was in impressive form on Tuesday night and will be hoping that his display can help to earn him a place in the starting line-up against Arsenal at The Emirates on Saturday.
    Argentine navy calls off search for survivors from missing submarine

    Argentine navy calls off search for survivors from missing submarine

    The search for the San Juan has employed some of the latest technology in one of the largest efforts of its kind. The captain later communicated by satellite phone that the problem had been contained.
    Google data-saving tool aims to help manage smartphone bills

    Google data-saving tool aims to help manage smartphone bills

    Mobile data is of paramount importance to many of us, thanks to the ever growing presence of 4G-enabled smartphones these days. Once you've installed Google Datally on your Android, simply start by accepting Google's Terms of Service and Privacy Policy.
  • Stranger Things Season 3 Is Coming

    Stranger Things Season 3 Is Coming

    But it's still great to have the next season set in stone, even if we know very little about where it's headed. Creators Matt and Ross Duffer have confirmed that Netflix has already greenlit Stranger Things Season 3.
    Micromax introduces Bharat 5 with massive 5000mAh battery; includes free 50GB data

    Micromax introduces Bharat 5 with massive 5000mAh battery; includes free 50GB data

    Xiaomi has launched Redmi 5A at a price starting from Rs 4,999 for 2GB/16GB variant and Rs 6,999 for the 3GB/32GB version. Battery: This time Nokia beats Xiaomi with its long lasting 4,100mAh battery as compared to Redmi 5A's 3,000mAh battery .
    Update Immediately to Block the Root Vulnerability Bug

    Update Immediately to Block the Root Vulnerability Bug

    When that happens, "Make sure to update your Macs and MacBooks at your earliest opportunity after it is released", he added. In October a flaw was discovered that could have allowed anyone to gain access to encrypted hard disk volumes .
  • Nigeria eye shock win after Argentina SWC draw

    Nigeria eye shock win after Argentina SWC draw

    The country went into that game in danger of missing out not only on direct qualification but a spot in the playoffs. The draw comes 17 days after Rohr's men stunned Argentina by recovering from two goals down to win 4-2 in Krasnodar.
    Let's Get Down To Business And Meet Disney's New Mulan

    Let's Get Down To Business And Meet Disney's New Mulan

    A master of the regal red carpet look, she regularly chooses high-drama pieces that highlight her delicate beauty. Disney has found the lead for its live-action " Mulan " remake.
    Trump plans to replace Tillerson with Pompeo

    Trump plans to replace Tillerson with Pompeo

    His slow approach to filling diplomatic openings at the State Department is also a factor, another official said. Asked about Tillerson, White House spokeswoman Sarah Sanders said the secretary of state remained in his post.
  • 2017 supermoon rises this weekend

    2017 supermoon rises this weekend

    Rare sighting of the first and last supermoon of the year will be observed today all over the world including Pakistan. This year's supermoon will be visible Sunday evening and will reach its peak around 2:45 a.m. (CST) Monday morning.
    Potsdam Christmas market evacuated after bomb is found in German city

    Potsdam Christmas market evacuated after bomb is found in German city

    Brandenburg state police said they inspected the package and confirmed that it was a possible IED that was successfully defused . Schroeter told reporters at the scene earlier that nails and a powder were inside the parcel.
    UP civic polls: BSP's gains signal possible structural change in voting pattern

    UP civic polls: BSP's gains signal possible structural change in voting pattern

    SP leader and MLC Rajpal Kashyap alleged it was "disheartening" that the BJP gained on places where EVMs were used. The overall percentage recorded an improvement from 46.2 per cent in 2012 to 52.5 per cent this time.

Comments

Latest news

Tunisia coach Maaloul targets World Cup opener against England
Dier is a certainty for the defensive midfield role while going forward, Adam Lallana, Sterling, Kane, Marcus Rashford and Dele Alli give England genuine attacking threat.

Margot Robbie working on her very own solo Harley Quinn film
In a recent interview with Variety , Margot opened up about why she enjoyed playing Harley Quinn in Suicide Squad . The only clue to this is that she says she has been working on it for two years. "No, it's a totally seperate one.

Burqa-clad Taliban terrorists attack college in Pakistan, at least five wounded
Authorities said the gunmen had been killed and security forces had cleared the area after searching for remaining militants . The area where the incident occurred is a hub for educational institutions in the city including the University of Peshawar .

Michael Flynn pleads guilty for lying to Federal Bureau of Investigation
Flynn is the most senior member of the Trump administration to have been indicted by the special counsel thus far. That appears to refer to the body's vote a day later to condemn Israeli settlements in the West Bank.

Russian Federation condemns North Korean latest missile launch
North Korea has been buying oil from Russian Federation as well but in much smaller amounts and continues to be dependent on Chinese supplies.

Critics Bash First Lady Melania Trumpâ??s White House Christmas Decorations
The Rockefeller Center Christmas tree, a Norway spruce that came from State College, was lit on Wednesday night in New York City. Since 1966, the National Christmas Tree Association has been holding a competition for the official White House Blue Room tree.

Supermoon expected in skies above Gedling borough on Sunday
Considering that a full moon can be covered with a fingernail, even a 7% larger moon may not look that much bigger. On Sunday, Dec. 3 is when the moon will become totally full and at its brightest, specifically at 10:47 a.m.

Dogs are more intelligent than cats, Vanderbilt study shows
The researchers found that dogs have "about twice as many neurons in the cerebral cortex [as] cats do", said Herculano-Houzel. The study's findings also challenge the prevailing view that domesticated animals have smaller brains than their wild cousins.

Two Christmas holiday parades to light up Gillette Avenue on Saturday
The parade starts at 6 p.m. on Saturday and will be followed by a tree lighting ceremony and band performance. Then enjoy the parade, starting on Meadow Avenue at 2 p.m. "So come to Hague and have a fun family day".

Israel, Hamas exchange mortar fire across norther Gaza border
The attack apparently set off rocket sirens in the Israeli town of Sderot and other communities surrounding the Gaza Strip. Witnesses in the southern Gaza Strip said two Islamic Jihad posts was hit there.

Natural disaster reported along East Coast, felt in NYC area
The station also writes that Paul Caruso, a geophysicist with the USGS, says there is potential for aftershocks. That quake, which occurred on August 23, forced the shutdown of the Washington Monument due to damage.

Mother Defends Son Over Fortnite Cheating Allegations
We agree to these contracts without reading them or even understanding what types of behavior scale from prohibited to illegal. Every time Epic took action, he simply created new accounts under false names and continued to play and cheat at Fortnite .

Uber Admits 2.7m UK Users Had Data Stolen In Hack
Uber spokeswoman Molly Spaeth said in an email the company is "committed to changing the way we do business". Ferguson says that Uber did not notify his office until this month, more than a year after the breach.

Start Pumping Your Fist: Jersey Shore Is Coming Back
Also, Ronnie Ortiz-Magro, Nicole "Snooki" Polizzi , and Mike "The Situation" Sorrentino will be seen. The announcement was made during the premiere of Floribama Shore on Monday, November 27.

BMW's all-new i8 Roadster makes LA debut
The long-awaited i8 Roadster will go on sale alongside an updated version of the two-plus-two i8 coupe early next year. Its cell capacity has risen from a previous 20 Ah to 34 Ah, with energy capacity increasing from 7.1 kWh to 11.6 kWh.

Other news