House Republicans could pass their tax overhaul plan as soon as Thursday
House Republicans who stand opposed to the GOP tax reform bill say they haven't heard from leadership in weeks, signaling confidence by House Speaker Paul Ryan (R-Wis.) and House Majority Whip Steve Scalise (R-La.) that the legislation will pass without difficulty in a floor vote later this week. "I think they've made the calculation that they have 218 [votes]," Rep. Peter King (R-N.Y.) told Politico.
Scalise and his team will officially count votes Monday night; House Republicans can lose up to 22 votes and still pass the plan. The bill includes new tax brackets and rates, but would not change the rate for married Americans making more than $1 million. Additionally, the House version of the overhaul bill would add an expected $1.457 trillion to the federal deficit over the next decade, a problem for many Republicans who oppose the bill.
The House Rules Committee will review the bill on Wednesday, although no major amendments are expected, Politico reports. A floor vote could come as early as Thursday, although Republicans are leaving open Friday as potential wiggle room, in case any problems arise.
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.
The legislation could face more obstacles in the Senate, where the margin for passing the overhaul is even slimmer. Additionally, the House and Senate bills have a number of major differences, including that the Senate version leaves seven tax brackets, versus the House proposal's four brackets, and lowers the top rate for wealthy individuals to 38.5 percent from 39.6 percent.
"The House will pass its bill, the Senate will pass its bill, and then we will get together and reconcile the differences, which is the legislative process," Ryan reassured last week.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.
-
How the clock change could impact your financesThe winter months can be more expensive but there are ways to keep your costs down
-
‘This estrangement from death has beget euphemisms’Instant Opinion Opinion, comment and editorials of the day
-
Political cartoons for October 30Cartoons Thursday's political cartoons include missing SNAP benefits, working without pay, and Graham Platner's terrible tattoo
-
Senate votes to kill Trump’s Brazil tariffSpeed Read Five Senate Republicans joined the Democrats in rebuking Trump’s import tax
-
Border Patrol gets scrutiny in court, gains power in ICESpeed Read Half of the new ICE directors are reportedly from DHS’s more aggressive Customs and Border Protection branch
-
Shutdown stalemate nears key pain pointsSpeed Read A federal employee union called for the Democrats to to stand down four weeks into the government standoff
-
Trump vows new tariffs on Canada over Reagan adspeed read The ad that offended the president has Ronald Reagan explaining why import taxes hurt the economy
-
NY attorney general asks public for ICE raid footageSpeed Read Rep. Dan Goldman claims ICE wrongly detained four US citizens in the Canal Street raid and held them for a whole day without charges
-
Trump’s huge ballroom to replace razed East WingSpeed Read The White House’s east wing is being torn down amid ballroom construction
-
Trump expands boat strikes to Pacific, killing 5 moreSpeed Read The US military destroyed two more alleged drug smuggling boats in international waters
-
Trump demands millions from his administrationSpeed Read The president has requested $230 million in compensation from the Justice Department for previous federal investigations
