Tag Archives: tax reform

NBC News reports: Hours before House and Senate Republicans plan to release their joint tax bill on Friday, Sen. Marco Rubio, R-Fla., gave their efforts a boost after announcing his support in response to late changes to its child tax credit. Rubio initially came out against bill on Thursday over reports that the deal would include a deeper tax cut …

Talking Points Memo reports: Sen. Marco Rubio (R-FL) said Thursday that he won’t vote for his party’s huge corporate tax cut plan unless GOP leaders increase the size of the child tax credit. “I want to see the refundable portion of the child tax credit increased from its current number,” Rubio told reporters as he entered the Senate floor. “If …

The New York Times reports: The Senate passed the most sweeping tax rewrite in decades early Saturday, with Republicans lining up to approve an overhaul that will touch almost every corner of the United States economy, affecting families, small business owners and multinational corporations, with the biggest benefits flowing to the highest-earning Americans. Senators voted 51-49, as Republicans approved the …

CNN reports: Republicans say they have the votes! They’re going to pass a massive tax reform bill Friday night that would permanently lower corporate tax rates and undo the Obamacare individual coverage mandate. And a bunch of other stuff. We’re not exactly sure about everything it would do yet. Why? Because we haven’t read the tax reform bill. Nobody has. …

Democratic Montana Sen. Jon Tester says he just got handed the 479-page tax and in a video just posted to Twitter, he rages that the bill even includes illegible “hand-scribbled policy changes.” “This is unbelievable. We’re doing massive tax reform on an absolutely incredible timeline. This is going to affect everybody in this country. This is going to shift money …

Reuters reports: U.S. Republican Senator Bob Corker said on Friday he cannot support a sweeping tax bill that Senate Republican leaders have said has enough votes to pass. “At the end of the day, I am not able to cast aside my fiscal concerns and vote for legislation that I believe, based on the information I currently have, could deepen …

Talking Points Memo reports: When you’re ramming a massive tax bill through Congress at record speed, there are bound to be a few speed bumps. But after some drama on the Senate floor Thursday night, with a handful of Republican deficit hawks withholding their votes over concerns the bill would blow a $1 trillion hole in the federal deficit and …

You know he won’t be able to resist bragging about all the totally insane things he’s already done today and will claim victory over NBC News. PBS NewsHour reports: President Donald Trump is making a public show Wednesday of trying to win over Democratic votes for the Republican tax cut package, even as GOP officials have written that off as …

The Hill reports: President Trump on Wednesday praised the 1986 Tax Reform Act while unveiling his administration’s plans on tax reform, marking an apparent reversal from his previous criticism of the law. “Our last major tax rewrite was 31 years ago,” Trump said to a crowd of supporters in Springfield, Missouri, on Wednesday, referring to the 1986 Tax Reform Act. …

Raw Story reports: House Speaker Paul Ryan (R-WI) said over the weekend that Republicans would “stick the landing” on a major tax reform bill after failing to repeal and replace President Barack Obama’s health care reform law. “It is more important to us than anything that we get tax reform done,” Ryan told Fox Business host Maria Bartiromo. “Because we …