Watch: Republicans lay the groundwork for major vote on tax reform

Posted at 2:08 PM, Nov 29, 2017
and last updated 2017-11-29 16:09:17-05

Senate Republicans are on the cusp of passing a major tax overhaul this week, with a key procedural vote likely to be held Wednesday looking more and more likely to pass.

After learning blistering lessons from their health care debacle, the GOP Senate has managed — so far — to hold their conference together and keep inching toward legislation that will extensively rewrite the country’s tax code for the first time in three decades.

But, behind-the-scenes negotiations continue and there is plenty that could go wrong. The party nearly skidded off schedule Tuesday over concerns from Sens. Bob Corker of Tennessee and Ron Johnson of Wisconsin. Corker wanted to ensure that tax bill would actually lead to economic growth and was able to secure an agreement in principle that would trigger some kind of automatic tax increase if the GOP’s anticipated growth didn’t materialize. Johnson, meanwhile, went into the GOP tax vote in the Budget Committee still frustrated about the way the tax bill treated tax rates for pass-through business income, but voted anyway to advance the proposal, saying that he wanted to keep the process going.

The jury is still out on if both men support the final bill that comes to the floor. If senators vote to begin debate on the tax bill Wednesday, senators will enter a lengthy debate and amendment process that could leave the final tax bill changed yet again from what it is now. In the end, Majority Leader Mitch McConnell can only afford to lose two votes. If he loses three, the bill won’t pass.

There are also still a host of lawmakers who haven’t definitively said if they’ll back the final bill. Sens. Susan Collins of Maine, Lisa Murkowski of Alaska and John McCain of Arizona are still wild cards even as Collins and Murkowski have signaled they are warming to the proposal in recent days.

“I feel like that we’re making progress,” Collins said. “I am not there yet, but we’re making progress.”

And Corker’s idea of establishing a mechanism to automatically increase taxes if the tax bill doesn’t generate enough growth has struck a nerve with some conservative senators who say they aren’t thrilled about such a proposal.

“I am not too keen on automatic tax increases,” Sen. John Kennedy, a Republican from Louisiana, told reporters, noting that he was listening to what the final proposal was. “Right now, my feeling about it is, I’d rather drink weed killer than vote for the thing.”

Other Republicans also voiced concerns over the trigger during a news conference Wednesday.

“I think that the concern is well-intentioned, but I don’t know that it’s well founded,” Sen. Thom Tillis, a Republican from North Carolina, said.

But disagreements over the trigger could set up a conundrum much like the one that leadership encountered during its health care showdown. Appeasing one side of the conference — in this case deficit hawks — could come at a cost to votes on another side of the conference. Although many members were still holding back on whether including the trigger would mean a loss of their vote.

Sen. David Perdue of Georgia described how he sees the bill: “I come from a world where you really don’t ever get 100% of what you want, and I don’t want to see this bill destroyed because of pursuit for perfection.”