Tonight is apparently a big night if we care about getting a new tax cut and reform package going:
FOX NEWS – Senate Republicans are on track to take their first big step toward the “massive” tax reform package that President Trump has promised with plans to vote on a related budget plan as early as Thursday night.
The $4 trillion nonbinding budget plan would serve as a vehicle for tax legislation later this year, as it would allow the Senate to use a special process that avoids a Democratic filibuster.
Republicans are expected to have the votes for the first step, though Trump left that question open as he touted the plan Thursday morning on Twitter.
“Republicans are going for the big Budget approval today, first step toward massive tax cuts. I think we have the votes, but who knows?” Trump tweeted.
The House passed its version last week. The passage of the budget plan in both chambers in hopes of setting the stage for tax reform is a crucial step for Republicans, after falling short on their seven-year promise to repeal and replace ObamaCare.
“Passing this budget is critical to getting tax reform done, so we can strengthen our economy after years of stagnation under the previous Administration,” Senate Majority Leader Mitch McConnell, R-Ky., said on the Senate floor Thursday morning. “It’s pretty obvious that this is a good budget—and that’s true whether you’re looking at it from a fiscal perspective or an economic one.”
The way this year has gone, it will surprise exactly none of us if they end up not having the votes to get this budget vehicle passed.
But let’s hope for the sake of tax reform and the budget that we do have the votes and Republicans can finally get this process going.