[HOT] – Republicans’ Tax Bill Nearing the Finish Line



Not available ] Right Now: Republican leaders reached an agreement on a final bill setting final votes next week

• The agreement would lower the corporate tax rate to 21% and will come into effect in 2018; it would lower the personal tax rate to 37%; it would eliminate the minimum corporate replacement tax and allow individuals to choose to deduct up to $ 10,000 from income, sales taxes or property taxes

• The President Trump had lunch with Republican lawmakers at the White House at 3 pm on the 1.5 trillion dollar tax plan passing through the Congress

• The Senate and House Conference Committee holds a public meeting on the tax bill

• Legislators should be informed later of the consensual agreement Wednesday, before a final vote next week

• Senator Susan Collins, Republican of Maine, said she saw no reason to delay voting in the light of the elections in Alabama

Senator Mitch McConnell, Kentucky Republican and leader of the majority, at a press conference on Capitol Tuesday. Credit Tom Brenner / The New York Times ]

The Republicans in the House and the Senate to Merge the two tax bills have reached an agreement on a consensual bill and should submit it to a final vote next week. Sen. John Cornyn, Republican of Texas, said Wednesday that members will be informed of the details later in the day and is confident that he will spend the next week.

The impending loss of the Republican seat in the Senate of Alabama adds to the pressure that party members in Congress face in making sure that their tax revision does not face no last minute hiccups that pushes the bill into next year. On Wednesday, they will seek to maintain momentum against Democrats who recently felt encouraged.

The Conference Committee Meets

The Committee of the Conference That Was Established to Merge the House and Senate The Democrats began their public meeting Wednesday afternoon and the Democrats have immediately denounced the rally as an exercise aimed at making the tax revision transparent.

"Understand what is happening today is a sham," said Sen. Ron Wyden of Oregon, the top Democrat on the Senate Finance Committee. "Nobody should confuse this conference for a real debate."

Independent Vermont Senator Bernie Sanders said the so-called "conference committee," as he puts it, "is a joke."

Committee members met for a public meeting in a meeting room in the basement of the Capitol, and the partisan skirmish began from the beginning.

Representative Richard E. Neal of Massachusetts, the Democrat High of the Ways and Means Committee, requested that the conference committee postpone his work until Doug Jones, the winner of the the special election of the Senate in Alabama, be sworn.

Kevin Brady MP, Republican of Texas and the Chair of the Ways and Means Committee, said the motion was not allowed.

Representative Lloyd Doggett, Texas Democrat, quickly confronted Mr. Brady about his management of the meeting, recalling that I think the session was not conducted under "the rules of Putin."

The Democrats also denounced the substance of the tax revision.

"The American people witness a master class, relying on secrecy, distortion and brute force, can give rise to an unpopular and explosive gift to the benefit of business," said Mr. Wyden. "This is the ultimate betrayal of the middle class."

The rally will be one of the last times that Democrats will be able to publicly criticize tax legislation while being face to face with the Republicans who are crafting.Until now, they have largely attacked the partisan process and argued that the bill benefits the rich and business and does not make enough to help the middle class.

For Republicans, the public meeting is largely to show, as the final negotiations were held behind closed doors and the main details have already been agreed. adopt the bill according to party lines and have up to now rejected the Democrats' demands to change the bill.

The Election of Alabama Should not Derail the Tax Bill

Republicans Will Send a Consensus Bill to Mr. Trump, Despite the Victory of the Democratic Senate in Alabama Tuesday.

The news that Doug Jones, a Democrat, had defeated Roy Moore, a Republican, in the elections immediately sent many Liberal activists dreaming of another unlikely win: the blocking of the tax bill.

Math and momentum fueled this activist optimism. Once Mr. Jones is sitting in the Senate, the majority of Republicans in the room will be reduced to one seat. The bill passed the Senate on a 51-49 vote, with a Republican, Bob Corker of Tennessee, defecting. The hope among the Liberals was that Mr. Jones' win would give other Republicans a break and delay the process of reconciling bills.

This seems unlikely to happen, however. Legislators agreed on the terms of a final agreement and an influential Republican, Susan Collins of Maine, said she saw no reason to wait for Mr. Jones to sit before voting on the tax invoice. still need to walk carefully and make sure that they have enough support to get the bills on the finish line. If another Republican senator then had to defect – for example, Ms. Collins, who extracted concessions from the party leadership to vote yes on the bill, but saw some of those concessions not yet realized – then the draft law could stagnate.

These scenarios always seem highly improbable. Republican leaders are ready to hold votes early next week on the measure well before Alabama's results are supposed to be certified, making Mr. Jones eligible to sit. Party leaders remain confident that Mr. Trump will sign the bill by Christmas – probably before Mr. Jones enters the Senate.

The only ride on Tuesday night, for Republicans and the bill, is that the results empower senators to demand even more of the direction for their votes. Both Collins and Marco Rubio of Florida have expressed concerns this week about the draft compromise bill being drafted. Party leaders may be forced to respond to their concerns or exert more pressure to maintain them, and perhaps others, online.

But even if the Republicans were to defect en masse in the Senate, the tax bill could still Mr. Trump – if House Republicans were to approve the version that passed the Senate. This version contained apparent drafting errors that disrupted commercial interests, including the corporate minimum tax rate. But in the worst case, party leaders might decide that the bill is better than no law and promise to come back to fix the provisions later – an echo of how the Democrats passed the Care Act affordable. Special Election of the Senate, Massachusetts, in 2010.

Senator Susan Collins of Maine met with Vice President Mike Pence at the Capitol on Tuesday. Mrs. Collins watched some of the concessions for her vote of "yes" on the tax bill are not yet completed Credit Pete Marovich for the New York Times

Democrats tell the Republicans to take a break from the tax bill

The Democrats are organizing a concerted but probably unsuccessful effort to gain Republican leadership in the Senate to delay the tax bill vote until Mr. Jones sits as Senator from Alabama.

Democrat Senator Chuck Schumer of New York, called senator Mitch McConnell of Kentucky, leader of the majority, to "After the Democratic candidate won the special election for the Senate in Alabama on Tuesday

"It would be wrong for Senate Republicans to scramble this bill without giving the newly elected Alabama senator the opportunity to vote," Schumer said at a press conference. a press conference at the Capitol on Wednesday morning.

Mr. Schumer drew a parallel with the election of Scott Brown, a Republican, in a special election in Massachusetts in 2010 while Democrats were trying to implement their revision of health care.

Senator Ron Wyden of Oregon delayed until Mr. Jones arrived, saying in a tweet " The people of Alabama spoke. "

Trump d Ines with Republican Legislators

Mr. Trump hosted Republican lawmakers working on tax legislation for lunch at the White House. Flanked by Sen. Orrin G. Hatch of Utah and Texas representative Kevin Brady, Mr. Trump made brief remarks on the tax plan.

"We are very close to doing it, we are very close to" The White House on Wednesday issued a name for these dinners with Mr. Trump, including Vice President Mike Pence, Secretary of the Treasury Steven Mnuchin, Eight Republican Senators and Rep. Kevin Brady, Texas Republican Democrats Make One Last Effort to Put Pressure on Republicans

Upstream of Conference Committee Meeting, Democrats of House Ways and Means Committee Democrats in the House have invited economists, including Mark Zandi, of Moody's Analytics, and Jason Furman, former president of President Barack Obama's board.

Steven, Treasury Secretary Mnuchin, who was attacked by the Democrats for using "false calculations" to defend the Republican tax plan, was also invited.

Progressive groups organize Capitol Protest

Liberal activists plan to unravel across the Capitol on Wednesday to try to overthrow Republican congressional members who they believe could be

Members of Housing Works, Center for the People's Democracy, Women's March, Hedge Clippers, People for Bernie, Strong For All, plan to hold sit-ins at the offices of Senators Jeff Flake and John McCain of the Arizona

Ady Barkan, a progressive activist with amyotrophic lateral sclerosis who fought Flake on a plane last week, is in the lead of the rally. According to one of its organizers, he also hopes to have a meeting with Ms. Collins.

[embedded content]

#FlakesonAplane Ady Talks to Jeff Flake of #GOPTaxScam Credit Video by Shawn Sebastian ]


Let's Block the Ads! (Why?)

Thanks for reading Republicans’ Tax Bill Nearing the Finish Line, don’t forget to share this amazing news with your friends and family.

>>>>> Source link