Republican tax cuts in doubt as Rubio joins the revolt
Donald Trump’s opponent in the presidential primaries is threatening to derail the bill over child tax credits
Senator Marco Rubio, the former Republican presidential candidate, has cast doubt over the passage of his party’s latest tax bill, announcing he will vote against it unless the child tax credit is increased.
The bill, which would cut taxes for high-earners, is seen as the last chance for a legislative success in the first year of Trump’s administration. “With Democrats unanimously opposed to the plan, Republicans can afford to lose no more than two members of their caucus in a final vote,” says The Washington Post.
Rubio is joined by his amendment’s co-sponsor, Republican Senator Mike Lee, who is “undecided on the overall bill and pushing to make the credit as generous as possible”, Time says.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
And “Senator Bob Corker, who voted against the Senate version of the bill because of its projected additions to the deficit, says he’s reviewing the final version but is expected to oppose it as well,” The Washington Post reports.
In the event of a deadlock, Vice President Mike Pence would exercise his vote to allow the bill to pass. He has cancelled a planned trip to Israel and Egypt next week to make sure he would be present if his vote is required.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
The Christmas quiz 2024
From the magazine Test your grasp of current affairs and general knowledge with our quiz
By The Week UK Published
-
People of the year 2024
In the Spotlight Remember the people who hit the headlines this year?
By The Week UK Published
-
Crossword: December 25, 2024
The Week's daily crossword
By The Week Staff Published
-
Will Trump (and Sanders) cut credit card rates?
Talking Points Common ground is possible. But there's a catch.
By Joel Mathis, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
What does Trump's Treasury secretary pick mean for the economy?
In the Spotlight Scott Bessent was once a Democratic donor. Now he'll serve Trump.
By Joel Mathis, The Week US Published
-
Is this the end of the free trade era?
Today's Big Question Donald Trump's threat to impose crippling tariffs 'part of a broader turn towards protectionism in the West'
By Elliott Goat, The Week UK Published
-
Big Oil doesn't need to 'drill, baby, drill'
In the Spotlight Trump wants to expand production. Oil companies already have record output.
By Joel Mathis, The Week US Published
-
What's next for electric vehicles under Trump?
Today's Big Question And what does that mean for Tesla's Elon Musk?
By Joel Mathis, The Week US Published
-
The row over UK maternity pay
Talking Points Tory leadership hopeful Kemi Badenoch implied that taxpayer-funded benefit was 'excessive' and called for 'greater responsibility'
By Harriet Marsden, The Week UK Published
-
Donald Trump's bitcoin obsession
The Explainer Former president's crypto conversion a 'classic Trumpian transactional relationship', partly driven by ego-boosting NFTs
By The Week UK Published