In order to meet the 51-vote rule for the tax cut for the rich plan, the Republican leaders have run into problems. They can only afford to lose two Senators and still pass the bill. One has already stated he will not vote for the current proposal because there is a 2025 sunset provision on tax cuts for individuals and small businesses. Only big corporations with deep pockets to fund political campaigns get the permanent tax cut. Added to that, another Senator was openly disturbed that terminating the health insurance mandate would do immense harm to the health system. To begin with 13 million people are projected to lose insurance, but, in addition, markets would be destabilized and policy premiums would rise an estimated 10% EACH year after the bill is enacted.
If one more Republican decides to vote against the bill, it will fail. Several, including John McCain, remain uncommitted.
Democrats appear to be united against the current proposal since repeal of the health insurance mandate was added. Before that, a group was trying to find a way to work in a bipartisan way, but that attempt fell flat.
Republicans have tweaked their plans several times in the last week and the differences between the House and Senate bills have created some confusion over what would remain and what would go during the reconciliation process. Neither House nor Senate leaders can guarantee what the final compromise would look like exactly, so whatever each House eventually passes, assuming the Senate can get its 51 votes, will remain somewhat unclear, even though the bills differ only slightly. Two provisions seem certain: a permanent cut in corporate tax rates and repeal of the insurance mandate.
Republican leaders have moved the process along at warp speed in the hope of avoiding a deep analysis of the bills and a public outcry. They believe they must deliver the corporate tax cuts or their donors will not be passing out checks in 2018. One Senator has already been quoted to that effect. That, and that alone, can explain the complete absurdity of the process and proposals.
Even so, public sentiment sampled by Quinnipiac finds that voters oppose the tax scheme by 52-25 percent. There is no hiding this turkey. GOP tax plan in trouble after Republican senator says he won’t back ithttps://www.washingtonpost.com/business/economy/democrats-furious-over-new-gop-attempt-to-gut-obamacare/2017/11/15/fdc382f8-ca23-11e7-8321-481fd63f174d_story.html?tid=a_inl&utm_term=.c997b515a078GOP lawmaker: Donors are pushing me to get tax reform donehttp://thehill.com/homenews/house/359110-gop-lawmaker-donors-are-pushing-me-to-get-tax-reform-doneNovember 15, 2017 - Latest Massacre Drives Gun Control Support To New High, Quinnipiac University National Poll Finds; Voters Reject GOP Tax Plan 2-1https://poll.qu.edu/national/release-detail?ReleaseID=2501