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House Passes Temporary Funding To Operate Through January 19

Update: Right before ending the session and heading off for a well-deserved holiday, the House passed an $81 billion disaster-relief package in a 251-169 vote. The bill was surprisingly controversial – in part due to the enormous sum being authorized. According to Politico, the fate of the aid package is far from assured in the […]


House Passes Trump Tax Plan For Second Time

Update: In a vote that almost exactly mirrored yesterday's results, the House once again passed the final Trump tax bill – formerly known as the conference agreement on the Tax Cuts and Jobs Act – by a vote of 224-201. As the Financial Times pointed out, "the vote gives the president a longed-for legislative victory […]


House Passes Trump Tax Plan For Second Time With Only 1 Republican Voting Against

Update: In a vote that almost exactly mirrored yesterday's results, the House once again passed the final Trump tax bill – formerly known as the conference agreement on the Tax Cuts and Jobs Act – by a vote of 232-190. The only difference was that only one Republican voted against the bill during its second […]


“Somebody Screwed Up” – House Must Vote Again On Tax-Reform Plan After Procedural Snag

Update: In an interview with MSNBC's Chuck Todd, Louisiana Senator John Kennedy offered the most honest explanation yet for the Senate Parliamentarian finding that three provisions in the final Trump tax bill violate Senate budget rules – meaning that the House will need to hold another vote on the bill. "Somebody screwed up," Kennedy said. […]


House Must Vote Again On Tax-Reform Plan After Procedural Snag

In an embarassing reversal of what House Republicans had celebrated as a done deal, the House will need to vote again on the final version of the tax reform plan passed earlier this afternoon. The second vote is the result of a technicality in one of the bill's provisions. According to Bloomberg, the Senate parliamentarian […]


Republican Tax Plan Is Headed For Final Round Of Votes

Barring some unforeseen catastrophe (or another floor-vote surprise akin to Sen. John McCain’s last minute decision to strike down the Senate’s plan to repeal and replace Obamacare), Congressional Republicans appear all but certain to pass the reconciled version of President Donald Trump’s tax-cut plan – the first time Congress has successfully passed comprehensive tax reform […]


Susan Collins Says She’s A ‘Yes’ On Tax Reform, Assuring Vote Passage

In an announcement that effectively clears the way for the GOP's Congressional leadership to send the Republican tax-reform plan to President Donald Trump's desk, Maine moderate Susan Collins said Monday afternoon that she intends to vote for the bill. As Republicans try to pass their No. 1 legislative priorty by week's end, a new controversy […]


Stocks Pop After Cornyn Suggests Tax Bill Deal “Possible” Today

Despite numerous headlines indicating a tax bill deal early next week, Republican Senator John Cornyn just told media that there "may be a tentative tax bill deal today." Algos liked the news and immediately bid stocks higher (despite no knowledge of what is in the 'deal'). “It’s possible,” John Cornyn, the No. 2 Senate Republican, tells […]


Republican Leaders Consider 22% Corporate Rate: WaPo

With Republican leaders still frantically scrambling to find last-minute fixes in their tax-reform plan that will help win over moderate Republicans and deficit hawks who could create problems during the reconciliation process, the Washington Post is reporting that Republican leaders are considering a deal to roll back the corporate rate to 22%. Rumors that Republicans […]


In Dramatic Reversal, Top Senate Republicans Now Want To Repeal AMT They Passed Just Days Ago

When we laid out the key highlights of the Senate tax plan passed just before 2am on Saturday morning, we made one thing clear: nobody had read the massive 479-page bill which had several pages with handwritten revisions in the margin. I was just handed a 479-page tax bill a few hours before the vote. […]


In Major Victory For Trump, Senate Passes “Sweeping” Tax Bill Which Nobody Read: Here’s What’s In It

Shortly before 2am on Saturday, the Senate passed “the most sweeping rewrite of the U.S. tax code in three decades, slashing the corporate tax rate and providing temporary tax-rate cuts for most Americans” handing Republicans a badly needed legislative and political victory. Senators voted across party lines in a 51-49 vote, ending days of debate […]


Susan Collins Will Vote For Senate Tax Reform Plan

Update: In a statement, Susan Collins declared her intention to vote for the Senate GOP tax plan, saying the GOP leadership's decisions to preserve state and local tax deductions up to $10,000 and to expand the child tax credit helped win her support. "I will cast my vote in support of the Senate tax reform […]


Democrats’ Last-Ditch Effort To Force Tax Reform Back To Committee Fails By Vote Of 56-44

Update (2:35PM EST): And just like that, another forced procedural vote to push the GOP tax reform bill back to committee fails by a vote of 56-44. * * * Tune in below as the Senate takes yet another vote on a procedural motion to force the GOP tax reform legislation back to committee.  As […]


Republican Leaders Say GOP Has The Votes To Pass Tax Plan

Update: Two of the last remaining holdouts have confirmed that they will vote for tax reform. Arizona Sen. Jeff Flake says he now supports the bill. Susan Collins said a deal had been reached to include her unspecified property tax deduction amendment in the bill, and she has tentatively said she'll vote yes. It looks […]


Futures Surge As Johnson, Daines Greenlight Tax Bill

After a planned series of votes on the Trump tax plan were called off last night, GOP senators were scrambling to assuage the concerns of Republican holdouts who suddenly decided that the tax bill would blow out the deficit after one proposal – a so-called “trigger” that would automatically raise taxes if revenue targets aren’t […]