US Senate pushes ahead on Trump tax cuts as nonpartisan analysis raises price tag
By Bo Erickson and Phil Stewart
Washington (Reuters) -an non -Partizing forecast on Sunday, said that President Donald Trump’s comprehensive tax cut and expenditure bill will add $ 3.3 trillion to the country’s debt.
As the Congress Budget Office tried to highlight the bill at a Marathon weekend session, the Senate Public Office published its prediction that the bill has a federal debt of 36.2 trillion dollars.
The Republicans, who have long been concerned about enlarging US deficits and debts, rejected CBO’s long -standing methodology to calculate the cost of legislation. However, the democrats hope that the latest, eye -released figure can cause enough concern between financially -minded conservatives to allow them to expel their parties who control both their rooms of the Congress.
The Senate voted to open a discussion of the tax cut, migration, border and military expenditure invoice in a procedure late on Saturday in Megabill only 940 -page Megabill.
Trump on social media greeted the vote on Saturday as a “great victory” for a big, big, beautiful bill “.
In a picture of the depths of the division within the Republican Party on the bill, Senator Thom Tillis said that Trump would not be re -elected next year after threatening to support the primary challenge to participate in the game against Tillis’s Saturday night.
Tillis’s North Carolina chair is one of the several seats of the Republican Senate, which is seen as vulnerable in the next year’s interim elections. He was one of the only two Republicans who voted on Saturday.
Trump wants the bill to take place before the July 4 Independence Day holiday. Although this deadline is one of the election, MPs will face a more serious deadline this summer, raising the country’s own imposited debt ceiling or a destructive default risk of 36.2 trillion dollars.
Alabama Republican Senator Katie Britt told CNN to the Union State on Sunday, “We will ensure that hard -working people can keep their money more.”
Hit to the Benefits
Senator Mark Warner, a democrat from Virginia, said that if this legislation is approved, it would be haunting the Republicans and that 16 million Americans would lose health insurance.
Warner, CBS News face -to -face with Margaret Brennan “” Most of my republican friends know … Then they walk to the throne and we will see if those who express a quiet astonishment will actually have the courage of their conviction. “
As the legislation tried to slow down the passage of the legislation, the democrats were the only focus of a marathon weekend, which was marked with political drama, division and long delays.
High -level Senate Democratic Chuck Schumer wanted the entire text of the bill to be read on the flood of the Senate, a well -running process that started before midnight on Saturday and runs well in the afternoon on Sunday. Following that the deputies will start discussing about the legislation up to 20 hours. This will follow a session known as “Rama-A-Rama” before the Senate vote for passing. MPs said they hoped to complete the bill on Monday.
Senator Rand Paul from Kentucky opposed the other Republican “No” vote because the federal borrowing limit will increase the limit of 5 trillion dollars.
“Rand Paul tonight ‘No’ did he vote again? What’s the man ???” Trump said on social media.
Megabill, as president, will expand 2017 tax cuts, which are the main legislative success of Trump in the first period, will reduce other taxes and increase expenditures on military and border security.
However, representative Michael McCaul warned that republicans who did not support Trump in the Draft can make repayment from voters.
“They know that their jobs are at risk. Not only the President, not the vote – the American people. He said.
Rejecting CBO’s estimates about the cost of the legislation, Senate Republicans are preparing to use an alternative calculation method that does not affect the extension of 2017 tax cuts. Apart from tax experts such as Andrew Lautz from the Bipartisan Political Center, a non -Partizan non -Partisan, he says “magic trick”.
According to the BPC analysis, using this calculation method, the budget bill of the Senate Republicans is significantly less expensive and seems to save $ 500 billion.
If the Senate passes the bill, Trump will return to the House of Representatives for the Final Passage before signing the law. The house passed the version of the invoice last month.
(Written by Phil Stewart; Editing by Scott Malone and Chris Reese)
