Mulvaney: 'Gimmick' will help GOP pass tax reform

Pauline Gross
November 21, 2017

Treasury Secretary Steven Mnuchin and Short also spoke, reflecting the Trump administration's full-bore attempt to sell the Republican tax plans now working their way through Congress.

Striking the health care provision would blow a big hole in the senators' tax cut plan, leaving them $338 billion short of their revenue goal over the next 10 years.

"If we really believe that whatever comes out of the House and Senate conference committee before Christmas raises taxes on the middle class, the president's not going to sign it", he said. But it has emerged as a major sticking point for Republican Sen.

First up: Sen. Susan Collins of ME, who has said that she has deep concerns about the Senate version of the bill, which would slash the corporate tax rate, make temporary changes to individual tax rates, eliminate a series of deductions for individuals and businesses, and end the Obamacare mandate that imposes a fine on people who don't buy health insurance.

Collins, a centrist who has voiced several worries about the Senate bill, said on ABCs “This Week” that the “biggest mistake” was including the repeal of the Affordable Care Acts individual mandate.

"The House tax bill, far from being pro-business, would kill over half of new wind farms planned in the US and undermine one of the country's fastest growing jobs", AWEA chief executive Tom Kiernan and called on Congress to act immediately in conference to drop the House provisions on the PTC and ITC.

"The White House is very comfortable with the House bill".

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"These economic benefits would be modest because most tax reductions would accrue to high-income households, who spend a smaller share of any increases in after-tax income than lower-income households", the Tax Policy Center said.

"This isn't a bargaining chip", Mnuchin said on Fox News Sunday. She expressed hope that it would be dropped from the proposal or that a plan to mitigate its effects, which she and other senators are pushing, would be adopted. Collins did not say how she would vote on the bill, voicing a belief that the measure will change.

"The president thinks we should get rid of it".

"The vast majority of people on the Obamacare exchanges are getting subsidies", Cotton said. Susan CollinsSusan Margaret CollinsBipartisan group of lawmakers aim to reform U.S. sugar program A bipartisan bridge opens between the House and Senate Gaming the odds of any GOP tax bill getting signed into law MORE (R-Maine) to vote against Senate Republicans' tax reform proposal.

Republicans can not afford to lose more than two senators on the final vote, which would allow Vice President Mike Pence to cast a tie-breaking 51st vote in his capacity as president of the Senate.

The White House says it's willing to strike a health-care provision from the Senate tax-cut bill if the provision becomes an impediment to passing one of President Donald Trump's top priorities. Not a single Democrat voted for the plan.

Speaking before a Cabinet meeting, Trump said: "We're going to give the American people a huge tax cut for Christmas - hopefully that will be a great big, handsome Christmas present". The prospect of losing that seat has given Senate GOP leaders added incentive to try to pass their bill before then. The Senate plan would reduce revenue by $1.4 trillion to $1.7 trillion, the model found. About half of that may be offset by higher growth, the foundation estimated.

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