Republicans in the Senate say they will not support the tax law that does not make Trump permanent
The majority leader of the Senate John Thun (RS.D.) and other senior Republican Senate members pledged to vote only for permanent, not temporary, for tax discounts in Trump for the year 2017, and threw key on the efforts of Republicans in the House of Representatives to apply a bill that contains a schedule Trump’s legislative works.
Nine Republican Senators, including the Chairman of the Senate Finance Committee, Mike Crabo, signed the message to President Trump, who was copied to Parliament Speaker Mike Johnson (R-La) and head of the Roads and Meaning Committee Jason Smith ( R-M.
“We will not support a tax package that only provides a temporary reduction in tax increases,” he wrote, adding that “the temporary extension of these pro -growth and family policies is a lost opportunity.”
The House of Representatives and the Senate, who have a majority of the Republic, contradict how to pass the legislative priorities of Trump, including the extension of the 2017 tax cuts, the cancellation of the organization of fossil fuel production, and a strengthening border security program. The House of Representatives is trying to complete everything in one bill, while Republicans in the Senate prefer to divide it into two projects, with the first focus on energy and borders and the second on taxes.
Both aim to pass the bills through a process known as reconciliation, which exceeds filbuster in the Senate, and passing the budget decision opens the process.
The Senate Budget Committee developed its budget decision on Wednesday, which did not contain the article of tax discounts. The House of Representatives Budget Committee aims to advance its own version on Thursday.
“The House of Representatives is rushing because the Senate moved before they did. One of the Republican Assistants in the Senate told The Hill that there is a real and increasing concern here that the House of Representatives will end with a defective product that will not be fully provided on the agenda of the tax president.”
The extension of the Trump tax cuts, which is only one part of the current Republican tax agenda, will cost $ 4.7 trillion over the next ten years, more than a maximum of $ 4.5 trillion on the impact of the deficit shown in the decision of Republican budgets in the House of Representatives.
Methods mean President Jason Smith (R-MO) stressed the point for reporters on Tuesday.
In reference to the Congress Budget Office, the official legislative registration office, Smith told reporters. “Anything less says that President Trump is wrong in tax policy.”
Before the budget cuts, which the House of Representatives resolution put in a $ 2 trillion goal, the total cost of the Republican Business schedule can reach $ 7 trillion, according to Andrew Lutz estimates from the party policy center.
Among other measures to reduce the effects of deficit, Republicans were thinking about shortening the window to extend Trump’s tax cuts from ten to five years.
Post Comment