Sen. Bob Corker (R-Tenn.) says he'll vote against Senate Republicans' tax plan, saying the $1 trillion it's projected to add to the deficit is too much for him to swallow.
The framework for both the Senate and House bills was developed in secret over a few months by a half-dozen Republican congressional leaders and Mr Trump advisers, with little input from the party's rank-and-file and none from Democrats.
As the Senate neared a momentous vote on the sweeping Republican tax bill, Senate Democrats mocked the almost 500-page printed text of the legislation - complaining it was given to them at the last minute before the vote.
There would also be lower taxes on companies with owners that pay individual tax rates on profits, and a more gradual elimination of tax breaks for firms buying equipment. They also increased a one-time tax on profits US -based corporations are holding overseas and would require firms to keep paying the business version of the alternative minimum tax.
Talks will begin, likely next week, between the Senate and the House of Representatives, which has already approved its own tax bill.
Unlike the House bill, for example, the Senate bill would end the insurance mandate at the core of the Affordable Care Act.
Corker's opposition hardened following a report Thursday night from Congress' official tax scorekeeper that concluded the bill would add $1 trillion to the deficit over a decade.
NC State Coach Dave Doeren denies UT offer
Tennessee may now look to fired Texas A&M head coach Kevin Sumlin for their head coaching position. Doeren guided the Wolfpack to an 8-4 overall record and 6-2 mark in ACC play this season.
So while the assurances Flake received on DACA were weak tea, it's a unsafe subject to be bandied about in a tax-bill negotiation, with the Democrats who would have to be deeply involved in any deal presumably excluded.
Their support is key because Senate Republicans hold a slim 52-48 majority in the Senate, meaning they can only afford to lose two votes, with Vice President Mike Pence casting the tie-breaker.
Blocked from including that provision because of the parliamentarian's ruling, Republican leaders delayed planned votes on the tax bill until Friday morning while they scramble for potential tax increases to offset the cost of their cuts.
Those groups said provisions that would prevent federal filers from deducting state and local taxes, and eventual tax hikes on middle-class families if the sunset cuts are not extended would cause property values to drop by 10 percent and eliminate an incentive for homebuyers.
"That is something I have to have in the bill", Collins said. "We have done it and we're ready to go", she said. Another option would be to cut the corporate tax rate from 35 percent to 20 percent but then have that rate climb incrementally in later years, The Wall Street Journal reported. But his vote probably won't matter: Even without Corker, Republicans appear to have the votes they need to pass the bill anyway. The tax cuts for individuals would expire in 2026 while the corporate tax cuts would be permanent.