Trump Pushes for Tax Overhaul as Key Senate Votes Loom

Trump Lays Out'To-Do List Discusses Legislative Priorities With McConnell

In typical bullish form, Trump is publicly expressing great confidence that the bill - which he claims represents the biggest tax cut in history - will pass. He came close months ago to overhauling the health care policies championed by former President Barack Obama, but Senate Democrats uniformly opposed dismantling the Affordable Care Act, commonly known as Obamacare, as did a handful of Republicans, leaving Trump short of the votes he needed.

Republicans hold a 52-48 majority in the Senate, meaning they can only lose two dissenters, with Vice President Mike Pence poised to vote for the changes in the event of a 50-50 tie.

But whether Trump's White House push for the legislation will be enough to win approval is uncertain.

Spokespeople for the Senate Finance Committee, which drafted the bill, did not immediately respond to a request for comment.

The ad urges people to call the five Republicans, who voted in favor of the bill, and says there's "still time to right this wrong" and "vote "no" on any tax plan that hurts our health care".

President Donald Trump is predicting passage of the Senate tax plan as he accuses Democratic leaders of being "all talk" and "no action".

The final vote was strictly along party lines, with 12 Republicans voting for the measure and 11 Democrats voting against it.

2 Acting Directors Fight to Lead US Consumer Watchdog
2 Acting Directors Fight to Lead US Consumer Watchdog

Senator Cory Gardner, a Colorado Republican, said he plans an amendment to make marijuana businesses eligible for tax breaks.

The bill would cut the corporate tax rate to 20 percent from 35 percent in 2019 and reduce individual rates and double the standard deduction until 2026 - adding $1.4 trillion to the federal deficit over a decade.

The committee meeting was a dramatic moment for the bill, as the votes of at least two GOP senators were uncertain until they were cast.

These include changing the rates on individual tax brackets, almost doubling the standard deduction, eliminating personal exemptions, expanding the child tax credit and repealing the state and local tax deduction.

If the bill passes the Senate, Republicans plan to convene a conference committee next week to reconcile the House and Senate versions.

He said, "We're going to let the Senate process go forward, encourage the Senate to deliver a good pro-growth product". The Tax Cut Bill is getting better and better.

However, those tax cuts will only last until 2027, at which point people making less than $75,000 will pay more.

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