Senate May Vote on Its Tax Reform Bill as Early as Thursday, but There Are Hurdles to Overcome
At least a half dozen Republican senators have shown concern about the Senate version of the Tax Cuts and Jobs Act, threatening the passage of the bill by the end of this year. The bill, passed out of the Senate Finance Committee on November 17, faces its next major hurdle from the Senate Budget Committee who will meet Tuesday, November 28, to add a revenue-raising measure allowing...McCain Announces Support for Budget Resolution
Posted on Oct 18, 2017 in News
Sen. John McCain buoyed GOP tax reform hopes by announcing his support for the Senate budget resolution, set for a vote later this week. Debate on the resolution began midday Tuesday following a 50-47 vote, split along party lines, to move the process forward. While Sen. John Thune expressed optimism toward passing the resolution, some Senate Republicans remain uncommitted, including...
Senate Republicans to Vote on Fiscal Year 2018 Budget
Posted on Oct 16, 2017 in News
Senate Republicans anticipate voting on the fiscal year 2018 budget this week, allowing their tax plan to add up to $1.5 trillion to the deficit over the next ten years. The resolution will also contain provisions allowing the GOP to pass the tax reform bill, promised to be brought to the floor by year’s end, by a simple majority and avoid a Democratic filibuster in the Senate. While...