November 28, 2017
GOP senators made last minute changes to the tax reform bill in an effort to win over undecided lawmakers ahead of a key committee vote.
Republican Senators Ron Johnson and Steve Daines say they could vote against the tax bill.
They argue the legislation puts limited-liability companies and small businesses at a disadvantage compared to larger corporations.
Meanwhile, Senator Bob Corker expressed concern the tax reform could jeopardize budget revenues in the short-term.
The tax bill is expected to clear Congress this week with senators confident they can reach an agreement.
“We always have to deal with everybody, so it’s not any one particular person,” said Senator Orrin Hatch. “This is … these are tough times these are tough issues hard to deal with and we intend to deal with them we’re always able to come out all right in the end, so we’ll see what happens.”
Experts say the proposed tax overhaul would boost the GDP by at least 0.4 percent per year over the next decade.