Ryan says Senate biggest obstacle to passing tax cut

Lester Mason
October 18, 2017

McCain said that tax reform was the central reason he would support the budget.

Graham continued: "Point #2: The Budget resolution doesn't affect statutory spending caps".

"There is nothing in the budget resolution that affects spending caps", he said.

Congress is on track to approve Republican tax reform legislation by the end of this year, House Speaker Paul Ryan told a room full of Wisconsin business leaders Monday. In a conversation with Trump earlier on Tuesday, Paul said he told the Republican president: "I'm all in".

McCain had been holding out support based on an insistence that defense spending increase by billions of dollars.

With Cochran in the Senate, Republicans can pass the measure even if they lose two votes.

On Tuesday, Paul voted to move forward on the budget, which advanced on 50-47. The resolution "unlocks" the use of special procedures for consideration of a tax bill; as with the FY 2017 resolution that set up the failed effort to repeal and replace Obamacare, its passage means the legislation it authorizes can pass the Senate by a simple majority, making Democrats irrelevant if Republicans can stay united. The Senate is scheduled to begin voting on the measure Thursday.

The nonpartisan Committee for a Responsible Federal Budget, led by Republican former Indiana Gov. Mitch Daniels, former Defense Secretary and Central Intelligence Agency director Leon Panetta and Democratic former Rep. Tim Penny of Minnesota, said the legislation could amount to about $2.2 trillion in net tax cuts over the next decade.

"We're talking about a major political party now working night and day on behalf of the top 0.1 percent", Senator Bernie Sanders, an independent who caucuses with Democrats, told Reuters on Tuesday.

Other reports by Iphone Fresh

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