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Senate Republicans are racing to approve tax bill but unclear if they have the votes - ABC News

posted onNovember 28, 2017
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Article snippet: Senate Republicans are racing to approve their tax overhaul, with a possible floor vote as early as Thursday. But it's unclear if they have enough support. Several pockets of Senate Republicans continue to raise different sets of objections to key aspects of the bill, setting up a potential seesaw process in which concessions to some senators arouse opposition from others. With 52 seats, Senate Republicans can lose no more than two votes to pass the tax legislation, which is being considered under a process known as reconciliation that requires a simple majority for approval. But at least seven senators have publicly voiced qualms about key parts of the bill, presenting a difficult challenge for Senate GOP leaders. Republicans hope to get a tax bill to President Christmas. “I think in the end we'll get the votes. But it's a process and -- a legislative process. It takes time to move it across the finish line,” Sen. John Thune, the third-highest ranking Senate Republican, said in a TV interview Sunday. Senate Finance Committee Chairman Orrin Hatch is among those in the leadership working with members to address their concerns. The defining features of repeal of the Affordable Care Act’s individual mandate; the elimination of all state and local tax deductions for individuals; and the preservation of other popular tax deductions including charitable giving, student loans and medical expenses. Like the House bill, the Senate bill doubles the standard d... Link to the full article to read more

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