WH, GOP Close to Releasing New Joint-Tax Reform Principles

WH, GOP Close to Releasing New Joint-Tax Reform Principles”

Ryan and other Republican leaders said in a joint statement Thursday, "We appreciate that there are many unknowns associated with it and have chose to set this policy aside in order to advance tax reform". "I encourage the Senate to continue working toward a real solution that keeps our promise".

Needless to say, the skinny bill is broadly unpopular, even among GOP lawmakers. Republican leadership has proposed a compromise: $200 billion in cuts. If a conference committee produces legislation, both the House and Senate will have to vote on it, and Ryan said the burden would fall on the Senate to pass it first. "We know we have to get those rates down", he said. "But I'm optimistic they're going to find a way to do something".

Ryan sought to distance the House from the Senate GOP's failure, noting that Republicans in the lower chamber passed their own version of legislation to repeal and replace the law earlier this year. Trump, who let Vice President Mike Pence lead the way with attempting to get Republicans to vote for the plan, said he has stated "from the beginning, let ObamaCare implode, then deal".

When the roll of Senators was being called, McCain was just off the Senate floor, and did not answer his name.

After examining the financial disclosure forms of top Trump administration officials, Maplight concluded: "the repeal of a 3.8 percent tax on investment income-used to fund subsidies that provide health coverage to roughly 10 million low- and middle-income Americans-would have saved Trump and his top two dozen officials between $3.1 million and $7.8 million, leading to an average tax reduction ranging from $124,200 to $313,700".

"Sometimes you need a little spark", Senate Democratic Leader Charles Schumer said on Friday, hoping that McCain's vote will change the dynamic on health care. There's not a complete consensus on how best to do health-care reform. "We got a bill passed in the House", said Rep. Morgan Griffith of Virginia, referring to a House health care bill passed in May.

The other reality in the Senate is that Republican leaders aren't interested in getting rid of the filibuster, knowing that one day the Democrats will be in power, and ready to use that.

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