Nebraskans protest GOP tax plan

Nebraskans protest GOP tax plan

Nebraskans protest GOP tax plan

Trump rallied Republican senators at a luncheon on Capitol Hill ahead of a crucial Senate Budget Committee hearing that had loomed as a cliffhanger moment in the effort to pass the bill.

The Republican president told reporters Tuesday that they were in a "very good position" after the Senate Budget Committee's passage of the GOP tax plan.

Republican Senator Susan Collins of ME has said she backs two provisions in the House bill - retaining an individual income tax deduction for state and local property taxes, capped at $10,000 a year, and keeping the existing top individual tax rate of 39.6 percent for those making $1 million or more.

As the committee voted, Republican Senator Bob Corker said he had worked out a deal that satisfied his concerns that the tax cuts could add too much to the national debt.

But whether Trump's White House push for the legislation will be enough to win approval is uncertain.

The Senate Budget Committee sent Republicans' massive tax-cut bill to the full Senate for a marathon debate and vote as early as Thursday - a major step toward getting a plan enacted by the end of this year.

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The CBO's findings play directly into the hands of Democrats, who have said that the Republican tax plan is a reverse Robin Hood, taking from lower income Americans and giving to the rich. "Think of sitting there with a Rubik's cube".

President Donald Trump will be in St. Charles for a speech Wednesday, his second visit to Missouri in three months.

Collins may also insist on eliminating the bill's repeal of the Obamacare mandate that most individuals get insurance or pay a penalty.

The legislation would make multiple changes to the tax code, but the vast majority of individual tax cuts would expire after 2025.

While the overall architecture of the two bills is similar, there are significant differences. Lawmakers "alarmed" by EPA's science board changes MORE (Pa.), Patrick Meehan (Pa.), Dave ReichertDavid (Dave) George ReichertMounting GOP retirements threaten House majority The Hill's Whip List: Where Republicans stand on tax-reform bill The future lies in the Asia-Pacific MORE (Wash.) and Michael Turner (Ohio).

In a Monday morning tweet, the president says, "With just a few changes, some mathematical, the middle class and job producers can get even more in actual dollars and savings".

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