Republicans are eyeing a crucial final vote Friday for a tax
overhaul package expected to add $1 trillion to the nation's deficit
over 10 years.
Sen. John McCain, R-Ariz., threw his support behind the tax plan Thursday, boosting the bill's chances of passage.
While McCain's support offered momentum, key
holdouts expressed renewed concern about the plan after a
late-in-the-day analysis from the nonpartisan Joint Committee on
Taxation, or JCT, concluded that the plan doesn't live up to
expectations.
Hope for a vote on the bill, however,
re-emerged Friday after two of those GOP holdouts — Sens. Steve Daines,
of Montana, and Ron Johnson, of Wisconsin, said they would support the
bill after securing changes to how certain small businesses, known as
"pass-throughs," would be taxed under the bill.
The previous evening, amid a whirl of meetings
and dramatic votes, Senate GOP leaders rewrote the bill behind closed
doors. They weighed scaling back the tax cuts in the legislation to
secure crucial support.
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Source: NBC News
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