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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Fate of Trump's Tax Cut Rests With These Six Senators
By Sahil Kapur
September 29, 2017, 4:00 AM EDT
President Donald Trump and Republican leaders unveiled a nine-page framework to rewrite the nations tax code this week to rave reviews from within their party. But now the hard part starts -- with the tax-writing committees in the House and Senate tasked with settling some of the most divisive issues.
Questions from where to set the top income tax rate to whether the package should be paid for could easily fracture the GOP. With 52 senators in their ranks and little hope of Democratic support, Republicans cant afford to lose more than two members to get a bill passed. They also cant afford another legislative loss following their failure to repeal the 2010 Affordable Care Act.
Theres no question that theres certainly comfort in margins, and we dont have margins for error. And so each individual senator is very empowered when it comes to a big issue like this, No. 3 GOP Senator John Thune of South Dakota said, referring to the tax overhaul. As weve seen now a couple different times, its very easy to take a big bill like this down.
The fate of Trumps promise of a historic tax revamp could be determined by six key Republican senators: Bob Corker, John McCain, Rand Paul, Pat Toomey, Orrin Hatch and Susan Collins. Some in the group have already laid out their demands for a tax bill. Heres a closer look at those senators, whose actions will be crucial to getting a tax bill across the finish line:
Bob Corker
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John McCain
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Rand Paul
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Pat Toomey
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Orrin Hatch
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Susan Collins
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Full article:
https://www.bloomberg.com/news/articles/2017-09-29/trump-s-tax-cut-fate-in-the-hands-of-these-six-key-gop-senators
exboyfil
(17,857 posts)In addition to the Blue State Republicans impacted, high tax states like Iowa may turn their noses up to it as well. Our highest rate is 9% and it applies at about $70K+ Property taxes are not cheap either.
Johonny
(20,683 posts)brooklynite
(93,851 posts)Voting to eliminate the State/Local tax deduction won't play well.
Eliot Rosewater
(31,097 posts)and half the country will still be in love with the political party trying to kill them.
We are beyond all common sense if the tax bill becomes law.
ananda
(28,782 posts)It's also a backdoor way to demolish Obamacare
and Medicare.