Eight Senators Can Make or Break the GOP Tax Plan

[link to www.bloomberg.com (secure)]

Quoting from the article (less than 50% rule):

Bob Corker, Jeff Flake and James Lankford

The bill’s supporters say it’ll boost economic growth enough to cover that shortfall, but Corker says he’s not satisfied. He wants a backstop mechanism -- essentially a tax-increase trigger that would raise revenue in case the promised growth doesn’t result. Arizona’s Flake and Oklahoma’s Lankford also support that kind of trigger.

Ron Johnson and Steve Daines

The Senate bill cuts the corporate rate to 20 percent, while creating a special deduction for business income from pass-through entities that would leave many owners paying an effective top rate of more than 30 percent. Johnson wants to give those owners a larger deduction, and he said many have called to encourage him to stand firm.

Daines, a Montana Republican, joined Johnson Monday in opposing the bill as written, and for the same reason. An aide said Daines remains optimistic the legislation will change enough to win his vote.

Susan Collins

Collins said it’s a mistake to ax the mandate in tax legislation, fearing that it’ll cause healthy people to drop their coverage and drive premiums higher for others -- the same reason she cast a pivotal vote to block an Obamacare repeal bill in July. “I hope that will be dropped,” she said recently.

John McCain

Nobody is taking McCain’s vote for granted after he shocked the political world by voting against a rushed attempt to demolish the Affordable Care Act this summer.

Jerry Moran

The Kansas Republican is sensitive about the impacts of the bill in the wake of his state’s failed tax-cut experiment that lawmakers there ended this year to escape a fiscal crisis.

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My comment: I really don't understand the bill which has been changing and continues to change.

Last Edited by bobdrake on 11/28/2017 08:20 AM