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DonViejo

(60,536 posts)
Fri Sep 29, 2017, 01:30 PM Sep 2017

The 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 nation’s 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 can’t afford to lose more than two members to get a bill passed. They also can’t afford another legislative loss following their failure to repeal the 2010 Affordable Care Act.

“There’s no question that there’s certainly comfort in margins, and we don’t 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 we’ve seen now a couple different times, it’s very easy to take a big bill like this down.”

The fate of Trump’s 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. Here’s a closer look at those senators, whose actions will be crucial to getting a tax bill across the finish line:

Bob Corker

-snip-

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

-snip-

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

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The Fate of Trump's Tax Cut Rests With These Six Senators (Original Post) DonViejo Sep 2017 OP
As it stands it might not make it out of the House exboyfil Sep 2017 #1
Yeah, we have to see what exit the house first. Johonny Sep 2017 #2
Toomey is from a high-tax State brooklynite Sep 2017 #3
Trump and friends will make out like the bandits they are, everyone else will suffer tremendously Eliot Rosewater Sep 2017 #4
They won't vote against it. ananda Sep 2017 #5

exboyfil

(17,857 posts)
1. As it stands it might not make it out of the House
Fri Sep 29, 2017, 01:36 PM
Sep 2017

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.

Eliot Rosewater

(31,097 posts)
4. Trump and friends will make out like the bandits they are, everyone else will suffer tremendously
Fri Sep 29, 2017, 01:43 PM
Sep 2017

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.

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