A LOT of deals made on this which has moved closer to what the Senator’s wanted….But NOT all….
The media and Republicans are all strutting around like the tax bill is signed and sealed?
There ARE loose ends floating around that could torpedo the bill next week….
The final vote will involve a small few Republican Senator’s either accepting what they didn’t get and voting ‘Aye’…or?….Those same Senator’s holding their noses and voting ‘No’….
We’ll see next week…
He’s the Update from Bloomberg on Friday evening….
….’the final bill will follow the Senate legislation and include a two-year tax extended tax break for individuals with high medical expenses, according to two people familiar with the provision who described it on the condition of anonymity.
The provision lowers the amount people have to spend on health costs before they can deduct those costs, to 7.5 percent of their income, from 10 percent under current law. Its expansion was pushed for by Senator Susan Collins, the Maine Republican whose vote is crucial to passing the tax package.’…
Mike Lee of Utah is “undecided,” and — like Rubio — he’s working to make the child tax credit more generous, according to Conn Carroll, his spokesman.
Jeff Flake of Arizona, who has voiced concerns about tax cuts adding to the deficit, said Thursday he’s undecided as well…
Susan Collins of Maine has voiced opposition to cutting the tax rate for incomes above $1 million and has pushed for passage of two health-care stabilization bills that the House has been cold to. She hasn’t committed to supporting the final tax measure. “I am going to review the tax bill over the weekend,” she said. “There’s lots of rumors about what’s in it, what isn’t.”…
The final bill is 500 or so pages….
People are gonna be reading thru it all weekend….
There are bound to be some surprises….Share on Facebook