Republican Tax Bill Faces New Uncertainty Ahead of Expected Vote

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Representative Kevin Brady of Texas, right, presiding over the House-Senate Conference Committee meeting with Senator Orrin Hatch of Utah, left, the chairman of the Finance Committee, on Wednesday. Credit Pete Marovich for The New York Times

Reprinted from The New York Times by

House and Senate Republicans faced a new round of uncertainty on Thursday about the fate of their $1.5 trillion tax bill with the possible defection of a Republican senator, Marco Rubio of Florida, amid continuing questions about how the bill will be paid for and how much of the benefits will flow to low- and middle-income people versus corporations.

Republicans, who reached agreement Wednesday on a merged version of the House and Senate tax plans, expect to unveil the final bill on Friday and vote on the legislation early next week so that it can be sent to President Trump before Christmas.

But those plans were thrown into some disarray on Thursday when Rubio said that he would vote no on the bill unless it included a more generous version of the child tax credit, which he and another Republican senator, Mike Lee of Utah, have been pushing for to benefit lower-income individuals. …

NY Times 12/14

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