Politics Senate Agrees to Tax Bill Conference With House

00:41  07 december  2017
00:41  07 december  2017 Source:   rollcall.com

Key GOP holdouts advance tax bill after meeting with Trump

  Key GOP holdouts advance tax bill after meeting with Trump Two key holdouts on the Senate Budget Committee voted to advance the tax reform bill after President Trump pressed them during a lunch meeting Tuesday.Sens. Ron Johnson (R-Wis.) and Bob Corker (R-Tenn.), who threatened to oppose the tax bill in the Budget Committee, on Tuesday voted to advance it.

The Senate voted Wednesday to officially begin conference negotiations with House members over a tax code overhaul, as Republicans race to send a finished bill to President Donald Trump’s desk before Christmas.

12/06/2017 Motion by Senator Rubio to instruct Senate conferees (child tax credit) agreed to in Senate by Voice Vote. 12/06/2017 Motion to insist on Senate amendment to House bill , agree to request for conference , and authorize the Presiding Officer to appoint conferees made in Senate .

Rep. Kevin Brady, R-Texas, will be a key negotiator as the House and Senate reconcile their versions of a tax overhaul. (Tom Williams/CQ Roll Call) © Provided by CQ Roll Call, Inc. Rep. Kevin Brady, R-Texas, will be a key negotiator as the House and Senate reconcile their versions of a tax overhaul. (Tom Williams/CQ Roll Call)

The Senate voted Wednesday to officially begin conference negotiations with House members over a tax code overhaul, as Republicans race to send a finished bill to President Donald Trump’s desk before Christmas.

The 51-47 party-line vote was largely a formality. Behind-the-scenes talks have already begun since the Senate passed its version early Saturday morning, following House passage of its own bill before Thanksgiving.

The final steps for the Republican tax bill in the Senate

  The final steps for the Republican tax bill in the Senate How to overhaul the nation’s tax code in 7 easy steps. But the bill has cleared its first important hurdle. The Senate voted on Wednesday evening, 52 to 48, to start debate on the Republican tax plan.

The House has already voted to form a conference committee. The chambers will aim to nail down key differences between separate bills passed by the House and Senate . If the House and Senate agree on a joint tax bill , both chambers will need to pass it to send it to President Donald Trump's desk.

The House voted Monday to appoint lawmakers to a conference with the Senate on how to combine tax reform legislation authored by Republicans in each chamber, the latest step in the GOP plan to get a final bill to President Trump's desk by Christmas.

Central differences in the two proposals need to be resolved on individual tax brackets and rates, keeping or repealing the alternative minimum tax, the structure for taxing pass-through business income, the expiration of key tax breaks and more.

Several of those decisions also come with difficult math problems, as Republicans try to keep the final tax measure under the $1.5 trillion limit set by a budget framework previously adopted by both chambers.

Other differences will be less tricky to sort out. For example, House Republicans are expected to happily accept provisions in the Senate version that would repeal the individual mandate in the 2010 health care law and open up oil drilling in part of the Arctic National Wildlife Refuge in Alaska.

Hill Republicans plan two week stopgap bill to avert shutdown

  Hill Republicans plan two week stopgap bill to avert shutdown House Speaker Paul Ryan announced Thursday plans to pass a short-term funding bill to keep the government open while budget talks continue for a longer-term solution. Ryan did not say how long the stopgap spending bill would last, but multiple aides expect it will last through the Friday before Christmas, December 22.In a preview of the coming fight, Ryan also called out the opposing party in his announcement, saying, "If the Senate Democrats choose to filibuster that, they will have chosen to shut the government down, something that we do not want to see.

House Republican leaders have scheduled a vote for Monday to go to conference with the Senate on the tax bill , a clear sign that GOP leaders are confident the upper chamber will pass tax legislation this week.

The House in a 222-192 vote on Monday voted to approve a motion to go to conference with the Senate on tax legislation — though the vote was filled with drama after several House Freedom Caucus members protested leadership's plans for a two-week stopgap spending bill .

Further changes are also on the table beyond what was in either the House or Senate plans, like a possible tweak that would maintain certain limited deductions for state and local income or sales taxes.

Both chambers’ tax bills would have allowed up to $10,000 in property taxes to be deducted, but lawmakers from high-tax states, particularly California, have sought additional tax benefits for their constituents.

Some GOP lawmakers have said they’re confident they’ll wrap up a final tax package before the holidays. Congress is expected to remain in town through Dec. 22, when a continuing resolution released last week by the House Appropriations Committee is set to expire.

The House is set to take up that stopgap spending measure on Thursday. The Senate will need to pass it before midnight on Friday, when current government funding expires.

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McConnell vows the government will not shut down .
Republicans and Democrats are negotiating a budget deal to lift spending caps and a government spending packageSenate Majority Leader Mitch McConnell vowed Tuesday that the government would not shut down in the next few weeks as Democrats and Republicans negotiate year-end deals on government spending.

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