Washington (CNN)–House Republicans are hours away from fulfilling their pledge of a full-scale tax overhaul. But all eyes have already shifted to the Senate, where the reality of tax reform is starting to bubble up: It’s complicated, it’s difficult and, at some point, the cruise control would be flicked off and this would start to get real. Well, now it’s getting real.
Of note, pt. 2
- House debate on the tax bill started at 9 a.m. ET, with two hours of debate remaining.
- The Senate Finance Committee markup reconvenes at 10 a.m. ET.
- President Donald Trump arrives at the Capitol 11:30 a.m.-12:30 p.m. ET.
- The House vote on the tax bill, tentatively between 1:30 p.m.-2:30 p.m. ET.
About Ron Johnson
How real is the opposition
How Johnson did it
Here we go, Senate edition
- Jeff Flake and Bob Corker: deficit concerns
- Susan Collins: State and Local Tax, individual side concerns, individual mandate repeal
- Ted Cruz: SALT, tax increases for some in the plan
- John McCain: process, legacy consideration
- Johnson: pass-through entity rates
- Rand Paul: whatever Paul decides he’s opposed to on a given day
How senior Republicans and advisers see things
- There is a belief the deficit concerns can be addressed, particularly with Corker, who has been very specific about what he needs to see and has been meeting regularly with administration officials to describe what he needs. (He met with Treasury Secretary Steve Mnuchin Wednesday and told CNN a Treasury analysis on the dynamic growth would be coming soon.)
- Flake hasn’t been as specific yet, but leaders think he’ll come around. “You guys all seem to have forgotten he’s a conservative — a real, solid conservative,” one GOP aide said. “These are significant tax cuts.”
- Collins will be difficult, no question. There’s some hope that what they do on the pass-through side, the NFIB support, the event with Ivanka Trump, etc., could get her there. But they know it’s a lift, especially now that health care is involved.
- Nobody in leadership ever wants to have to count on Paul’s vote. There’s a lot he’s asked for that has ended up in this bill, with individual mandate repeal being one of them, but he makes very clear the scope of the cut on the individual side isn’t as deep as he’d like.
- McCain is the clear wild card. He’s said positive things in recent days about both the process and the proposal, but he has made clear he needs to see the entire thing before really weighing in. Nobody has a good read on where he’ll end up, and that makes senior Republicans very worried. They don’t know what he’s using to base his support on, and they desperately want the President to just leave him alone through this process. When you can only lose two votes, that’s an unsettling place to be.
Bottom line here
- ‘PSYCHOPATHIC’ ESCAPEE FROM HAWAII ARRESTED IN STOCKTON
- BODY OF TEHAMA COUNTY GUNMAN’S WIFE FOUND UNDER HIS HOUSE
- VIDEO: MAN THROWS PUNCHES, RACIAL SLURS AT BART PASSENGER
- 19 MEN ARRESTED IN PROSTITUTION STING AT UNION CITY HOTEL
- WHERE CAN YOU FIND HOMES FOR UNDER $500K IN THE BAY AREA?
- PREGNANT WOMAN WHO TOOK PHOTO WITH BEES SHARES SAD NEWS