Politics Mitch McConnell says Senate GOP will release its tax proposal on Friday

00:51  08 november  2017
00:51  08 november  2017 Source:   CNBC

Attorney: Sen. Paul attack was over 'trivial' dispute

  Attorney: Sen. Paul attack was over 'trivial' dispute <p>An assault of U.S. Sen. Rand Paul by a longtime next-door neighbor was not motivated by political differences but by a dispute "most people would find trivial," an attorney for the man charged in the attack said Monday.</p>BOWLING GREEN, Ky. (AP) — An assault of U.S. Sen. Rand Paul by a longtime next-door neighbor was not motivated by political differences but by a dispute "most people would find trivial," an attorney for the man charged in the attack said Monday.

The Senate GOP will release its version of a tax -cut bill on Friday , Senate Majority Leader Mitch McConnell said . The House has already released a tax proposal . Republicans aim to pass a tax plan by the end of the year.

More. Senate Republicans will release their version of a tax -cut bill on Friday , Senate Majority Leader. Mitch McConnell . said Tuesday. The chamber will aim to mark up, or debate and amend, the legislation next week, the top GOP senator added.It is unclear how much the plan will differ from

  • The Senate GOP will release its version of a tax-cut bill on Friday, Senate Majority Leader Mitch McConnell said.
  • The House has already released a tax proposal.
  • Republicans aim to pass a tax plan by the end of the year.
Senate Majority Leader Sen. Mitch McConnell (R-KY) speaks as Speaker of the House Rep. Paul Ryan (R-WI), Sen. Orrin Hatch (R-UT) and other congressional Republicans listen during a press event on tax reform September 27, 2017 at the Capitol in Washington, © Provided by CNBC Senate Majority Leader Sen. Mitch McConnell (R-KY) speaks as Speaker of the House Rep. Paul Ryan (R-WI), Sen. Orrin Hatch (R-UT) and other congressional Republicans listen during a press event on tax reform September 27, 2017 at the Capitol in Washington,

Senate Republicans will release their version of a tax-cut bill on Friday, Senate Majority Leader Mitch McConnell said Tuesday.

McConnell Says Moore Must Step Aside If Allegations True

  McConnell Says Moore Must Step Aside If Allegations True Alabama Senate candidate Roy Moore is accused of initiating a sexual encounter with a 14-year-old girl when he was 32, according to The Washington Post. Leigh Corfman said she was approached by Moore outside an Alabama courtroom in Etowah County and later exchanged numbers with him.He picked her up and kissed her, she said. In another encounter, Corfman said Moore took off his clothes and undressed her while she touched his underwear.“I wanted it over with — I wanted out,” she told the Post.Two of Corfman’s friends said she told them.

The Tax Policy Center finds the GOP tax plan would reduce federal revenues by .4 trillion over the next decade. Without the budget passage, Senate Majority Leader Mitch McConnell of Kentucky said in a statement

× MCCONNELL : Senate GOP healthcare bill coming on Thursday, vote next week. McConnell said that the vote will happen as soon as the Congressional Budget Office releases its report on the bill, which should be some time next week.

The chamber will aim to mark up, or debate and amend, the legislation next week, the top GOP senator added.

It is unclear how much the plan will differ from one already proposed by House Republicans. The House is marking up its bill this week and could pass it as early as next week.

Republicans aim to pass legislation chopping tax rates by the end of the year.

The House bill, called the Tax Cuts and Jobs Act, would cut the corporate tax rate from 35 percent to 20 percent, while moderately reducing household income tax rates. It changes some popular provisions such as the mortgage interest deduction, but leaves others like the 401(k) tax benefit unchanged.

GOP lawmakers are allowing for the bill to add up to $1.5 trillion to the federal deficit over a decade. But they argue that economic growth will boost tax revenues over time, making up for that gap.

McConnell on Tuesday said he "fully" anticipates the final bill will not lead to a federal revenue loss or even cause more money to go to the government. His comment came after Fitch Ratings estimated that the House plan would add "significantly" to the United States debt.

If the House and Senate pass separate bills, they would have to reconcile the plans in a joint conference committee.

Moore accuses McConnell of trying to 'steal' special election from him .
Alabama GOP Senate candidate Roy Moore on Thursday again insisted he will not step down from the race amid allegations of sexual misconduct that have piled up against him in recent days, saying that calls for him to leave the race are part of an attempt to "steal" the election from him.Alabama GOP Senate candidate Roy Moore on Thursday again insisted he will not step down from the race amid allegations of sexual misconduct that have piled up against him in recent days, saying that calls for him to leave the race are part of an attempt to "steal" the election from him.

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