Senate budget committee advances GOP tax plan

Senate budget committee advances GOP tax plan


The Senate Budget Committee on Tuesday advanced Republicans’ nearly $1.5 trillion tax cut package, clearing the way for a floor vote as early as this week.

The committee passed the package on a party-line, 12-11 vote, handing Republican leaders a major win as they try to meet President Trump’s timeline and deliver him a bill before Christmas.

The vote was in some doubt after two GOP senators — Bob Corker of Tennessee and Ron Johnson of Wisconsin — indicated earlier this week they might vote no.

Mr. Corker has expressed concerns about adding too much to the debt, and Mr. Johnson said he wants additional benefits for small businesses in the plan.

But Mr. Corker said ahead of the vote that he’s pressing forward on a provision that would restore federal revenues if the package doesn’t produce the levels of economic growth Republicans are predicting.

Mr. Trump also addressed the small-business issues Mr. Johnson is raising in a Republican lunch Tuesday, senators said.

 





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