Politics Cornyn: Senate GOP tax plan to be released Thursday

00:17  07 november  2017
00:17  07 november  2017 Source:   thehill.com

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Sen. John Cornyn John Cornyn GOP confidence grows on Kavanaugh Senate panel schedules Friday morning vote for Kavanaugh McConnell 'confident we ’ re going to win' on Kavanaugh MORE (R-Texas) is predicting that Senate Republicans will unveil their tax -reform legislation on Thursday .

Cornyn ’s position on top policy issues, from the economy to crime and law enforcement, our military and veterans, education and more. Stay up to date with Sen. Cornyn ’s legislative efforts in the U.S. Senate , both past and present, including voting records, media releases , and the Senate 's schedule.

Cornyn: Senate GOP tax plan to be released Thursday © Provided by The Hill Cornyn: Senate GOP tax plan to be released Thursday Sen. John Cornyn (R-Texas) is predicting that Senate Republicans will unveil their tax-reform legislation on Thursday.

Asked about the bill, Cornyn said the "mark" - or the version drafted by Senate Finance Committee Chairman Orrin Hatch (R-Utah) - would be released Thursday.

"Yep, well that's the last I heard," said Cornyn, the No. 2 Senate Republican, when asked if Thursday's release date was "for sure."

Spokespeople for Hatch didn't immediately respond to a request for comment on the timing of the bill.

Cornyn added that the Finance Committee would start its mark up next week and Republicans are still aiming to pass their tax plan before leaving town for Thanksgiving.

Mitch McConnell says Senate GOP will release its tax proposal on Friday

  Mitch McConnell says Senate GOP will release its tax proposal on Friday McConnell said the Senate will aim to mark up, or debate and amend, the tax bill next week.

The GOP tax plan eliminates that option. The original House and Senate GOP bills sought to repeal it entirely to help pay for the tax cuts, but that met with stiff resistance from lawmakers in high- tax states.

The Senate plans to vote to proceed to floor debate on the tax bill on Wednesday, Cornyn said, and Trump will meet for lunch with GOP senators at the Capitol to boost momentum behind the overhaul. “It’s going to be harrowing and could be some near-death moments

The timeline, if Republicans stick to it, leaves senators with a tight schedule.

Lawmakers are currently scheduled to leave for the weeklong Thanksgiving break on Nov. 17, just over a week after they will unveil their tax plan.

But Senate GOP leadership is threatening to keep the chamber in session for part of the break in order to pass the tax legislation.

Republicans have a narrow path to clearing a bill through the Senate. With 52 seats, they can only afford to lose two GOP senators, if every Democrat votes no, and still let Vice President Mike Pence break a tie.

The House unveiled its own tax plan last week, with the House Ways and Means Committee beginning consideration of the bill on Monday.

Republican senators are already laying down goalposts for their own legislation.

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With the Senate GOP 's unveiling of its tax plan , key differences with the House version became apparent. Among the biggest potential losers in Senators emerged from a private briefing upbeat, but not fully backing the proposal as they delve into the details. “The goal is to raise family incomes and

Senator John Cornyn predicted that the Orrin Hatch drafted bill will be released on Thursday to the Senate floor. He went on to say that they are hoping to pass the plan before they leave for Thanksgiving. The bill will likely face stiff opposition in the Senate

Sen. Tom Cotton (R-Ark.) is leading a push by conservatives to use the tax plan to repeal ObamaCare's individual insurance mandate, despite leadership arguing a health-care fight shouldn't be included in the tax plan. And Sens. Marco Rubio (R-Fla.) and Mike Lee (R-Utah) argue the $600 increase for the child tax credit in the House bill doesn't go as far as they would like.

GOP senators, including Sens. Bob Corker (Tenn.), John McCain (Ariz.) and Jeff Flake (Ariz.), are also signaling that they are concerned about the impact any tax deal would have on the deficit.


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Sens. Murphy, Cornyn and Blumenthal want to fix deficiencies in the national criminal background-check database, which were exposed after Texas church shooting.Sens. Chris Murphy (D-Conn.) and John Cornyn (R-Tex.) are the main forces behind the legislation, which Sen. Richard Blumenthal (D-Conn.) also played a role in crafting. The trio is expecting to pull more Republican support for their measure before formally releasing it.

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