News

Rubio, Corker predicted back tax bill as a trump ‘monumental’ reform is passed next week

in the vicinity

Rubio votes is likely to ‘Yes’ to tax reform

Peter Doocy, at the latest, with the tax notice.

President Trump would be passed on Friday predicted Congress a far-reaching draft law on the reform of the tax system in the next week, as several Republican holdouts said they would back an overhaul with the.

Tennessee sen Bob Corker, the only Republican to vote against the original version of the tax bill passed by the Senate, and Florida sen. Marco Rubio, worried about the size of a child tax credit, both said on Friday they would vote for the final tax liability.

Video

Sources: latest GOP bill contains seven tax classes

The house and the Senate have passed separate tax bills, but they have worked on it, with a final 1.5 trillion US-Dollar GOP tax-reform legislation. The final votes are likely in both chambers next week.

As he left the White house on Friday for a lecture at the FBI Academy, Trump told reporters that he has seen the details of the final version and is confident that the Republicans will get behind.

“I’ve seen it,” he said. “I think it is very, very good. I think that we are going to pass in a position that something monumental is as early as next week.”

Rep. Kevin Brady, R-Texas, Chairman of the house ways and means Committee, told reporters that he expected that the text of the bill be posted by 5:30 PM EST on Friday, when the house convenes.

“After many conversations in the past few days with people from both sides of the aisle by Tennessee and across the country, including entrepreneurs, farmers, chambers of Commerce and economic-development executives—I have decided that the tax reform package we are voting on next week,” Corker said in a statement.

Rubio is expected that as a Yes, according to sources. He celebrated the “progress on the Child Tax Credit” in a tweet on Friday.

But there is still much to do to come in the next months and years. The progress on the children’s allowance would not have been possible without the support of @SenMikeLee, @SenatorTimScott, and @Ivanka trump.

— Marco Rubio (@marcorubio) February 15, 2017

Meanwhile, three Republican senators, Arizona’s Jeff Flake, Utah’s Mike Lee, and Maine, and Susan Collins have said they want to say, read the bill, whether you support it.

Two other Republicans have missed votes this week due to illness.

John McCain of Arizona, who is 81, in the case of a Washington-area military hospital side effects of brain cancer treatment, and 80-year-old Thad Cochran of Mississippi, to be treated had a non-melanoma lesion removed from his nose earlier this week. GOP leaders hope they will be available next week.

“Of course, we wish for all of us, Sen. McCain to have a good health for as long as possible,” sen Rob Portman, R-Ohio, on Fox News on Friday. “My feeling is that any a commitment, there is next week. And we certainly will be able to vote. Our prayers go out to him and his family.”

Cochran’s office told Fox News that the senator “is in Washington expected to vote for the tax plan, when it comes to the Senate next week.”

The Republicans, who can afford a 52-48 majority in the Senate, only to lose two votes in the Senate. Vice-President Mike Pence, which would break a tie if necessary.

Rubio and Lee, both had given in the last days that you would not support, the final tax, unless a larger children was the free included amount.

Conn Carroll, a spokesman for Lee, said the senator was “undecided” on the bill in its current form.

“Sen. Lee continues to work for the [child tax credit] be as beneficial as possible to American working families,” said Carroll.

Rubio and Lee have to provide a $3,000 tax credit per child.

On Friday, the Trump optimism expressed he could for himself, Rubio, and Lee to win.

“I think you’ll be great,” he said. “They are great people. You want it done see. I know you very well. I know how you feel. These are great people and you want to be done in order to see it, and you want it done right.”

Senior congressional aides told Fox News late Thursday that the last statement allows a deduction for interest on student loans and will not launch the taxation in the graduate school study would positions free of charge.

Brady also confirmed Thursday that the final legislation would be a reduction in the top tax rate to 37 percent from 39.6 percent.

The final package slashes the corporate rate from 35 percent to 21 percent. The had first the Senate and house bills, the 20 per cent.

Fox News’ Chad Pergram and The Associated Press contributed to this report.

 

Alex Pappas is a political reporter at FoxNews.com. Follow him on Twitter at @Alex Pappas.

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular