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Article snippet: Republicans racing for the finish line said they could hold final votes in the House and Senate on their tax-cut bill as early as Tuesday, finishing off the first major legislative victory for MORE. Senate Majority Whip MORE of Maine, said they would back it. While both were expected to support the bill, their public declarations added to the sense of inevitability surrounding the bill. The pre-Christmas votes will follow new reports that say the tax plan’s costs could exceed $2 trillion over 10 years before factoring in economic growth if the bill’s temporary tax cuts are made permanent. That’s significantly higher than the Joint Committee on Taxation estimate that the bill as written would cost $1.46 trillion. Most of the tax cuts for individuals expire after 2025, and some other provisions in the bill are also temporary, while the reduction in the corporate tax rate is permanent. Some of the tax changes are temporary in order to comply with budget rules that prevent the bill from adding to the deficit after 10 years if it is to avoid a filibuster from Democrats. The Committee for a Responsible Federal Budget, a nonpartisan deficit hawk group, estimated that making the tax cuts permanent would increase the bill’s cost to $2 trillion to $2.2 trillion using traditional scoring and would result in the bill costing $1.5 trillion to $1.7 trillion after accounting for economic growth. The right-leaning Tax Foundation estimated that making the plan permanent would ... Link to the full article to read more