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Will Little Marco Tank The Tax Reform Package?

A revolt from two Republican senators concerned about the Child Tax Credit and the absence of two more Republican senators because of illness has injected fresh uncertainty into the GOP’s tax bill push reports The Hill.

Sen. Marco Rubio (R-FL) “lobbed a bomb” into the final negotiations Thursday by threatening to vote against the bill unless it makes the Child Tax Credit more generous to people who don’t pay income taxes report The Rubio on tax billHill’s Alexander Bolton, Naomi Jagoda and Scott Wong.

"Right now, it's only $1,100. It needs to be higher than that," Rubio told reporters, referring to the amount of the credit that is refundable in the Senate-passed tax bill. The amount was indexed to inflation.

"I understand that this is a process of give and take, especially when there's only a couple of us fighting for it," he said. "Given all the other changes they've made in the tax code leading into it, I can't in good conscience support it unless we are able to increase the refundable portion of it."

Bolton, Jagoda and Wong report that Republican leaders earlier this week said they planned to pass the revised tax bill through the Senate first and then through the House.

One reason they cited was that it would give them some breathing space in case the Senate parliamentarian ruled against some of the last-minute changes hammered out by negotiators in recent days.

But Bolton, Jagoda and Wong report the Senate-first approach was thrown into doubt Thursday because of the debate over the Child Tax Credit and the prolonged absence of two senior lawmakers, Sens. John McCain (R-AZ) and Thad Cochran (R-MS).

McCain is at Walter Reed Medical Center receiving treatments from the side effects of cancer therapy, while Cochran is recovering from an operation to remove a lesion from his nose. Both of them missed every Senate vote this week.

Bolton, Jagoda and Wong report Rubio is working with Sens. Mike Lee (R-Utah) and Tim Scott (R-S.C.), a member of the conference committee working on the final tax bill.

Lee’s office says he’s undecided about how to vote, pending the outcome of the Child Tax Credit debate, while Scott said, “I’m certainly interested in seeing it sweeter.”

Making the Child Tax Credit fully refundable would cost $87 billion over 10 years — a significant amount that won’t be easy to pay for say Bolton, Jagoda and Wong. Negotiators are already straining to cover the costs of other fixes, such as lowering the top individual tax rate to 37 percent and allowing people to deduct up to $10,000 for state and local taxes.

Senate Republican Whip John Cornyn (TX) confirmed Thursday evening that the timing of the bill is up in the air.

“That’s in some flux,” he said according to Bolton, Jagoda and Wong, but added, “in all likelihood, we’ll be voting on Tuesday.”

Cornyn expressed confidence that negotiators would be able to bring Rubio around to voting yes claim Bolton, Jagoda and Wong.

“We’re still working with him and expect to satisfy his concerns,” they report.

Republicans now control 52 Senate seats and can afford only two defections, as Democrats are expected to vote in unison against the legislation. However, the Republican margin will shrink to just one vote when Democrat Doug Jones of Alabama is sworn in – possibly as early as December 26. Republican Vice President Mike Pence would break a 50-50 tie.

The vote is considered to be so tight that Pence announced yesterday that he would delay a trip to Israel and Egypt next week in case his vote is needed.

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Political Obstactles RINO's

Marco is only one of a few obstinate politicians in leadership positions that seem to believe they will remain anointed, this tax reform(?) will be skewed and dismantled before it is presented and the public will take in the shorts, the tax payers will cough up the loot and the voters will be needed to convince these clowns who runs the damn government...Getting rid of the progressive income tax would cure the tax discrimination, anxiety and class warfare wrought by 16th amend, it is a curse on this country's rights and freedoms...It is a piece of illegal law that needs to be put out of it's misery and removed as all progressive law should be, it is everything un-american one on the left can hope for.....a liberal wet dream built on wealth distribution....time for rel Americans to to rebuff this crime and give all Americans a right to breathe clean air......MAGA......America for Americans....

Tax credit

NO one should receive tax dollars that doesn’t pay any taxes.
Everyone should pay something

Wide Tax Base

Wealth distribution is a criminal act and the progressive income tax a sordid mess of discrimination.......A ballot driven consumption tax would be a cure....