GOP Shifts Focus To Tax Reform


Republicans on Capitol Hill shift their focus to tax reform with President Trump saying they are close to a historic legislative victory. But their efforts are now further complicated after a democratic win in Alabama on Tuesday.

Fox News Caroline Shively has more.

The republican push to reform the tax code facing another hurdle after a democratic victory in Alabama, but the president isn’t ready to give up yet.

Speaking from the Grand Foyer of the White House, President Trump makes a final push for tax reform. The president choosing to focus on the American people in these closing arguments, including stories and specific tax situations of five middle-income families from across the country.

Trump says: “…if congress sends me a bill before Christmas the IRS has just confirmed that Americans will see lower taxes and bigger paychecks beginning in February.”

The House passing a tax code overhaul in mid-November, and the Senate followed suit earlier this month. Those bills, however, are different… and ahead of the president’s speech, members of the Tax Reform Conference Committee made up of senators and House members met to discuss the compromise they’ve been working on.

“Some say tax relief for the wealthy. Others say no there is tax increases for the wealthy. I guess my point is wait for the final bill.”

Democrats now calling on Senate Majority Leader Mitch McConnell to hold off on tax reform until newly-elected Alabama Senator Doug Jones is seated. Once that happens, the GOP majority in the Senate will be even tighter with a 51-49 split.

“It would be wrong for Senate republicans to jam through this tax bill without giving the newly elected senator from Alabama the opportunity to cast his vote.”

The GOP goal remains delivering tax reform by Christmas. Republicans hope to vote on a final package next week.

In Washington, Caroline Shively, Fox News.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Don't Miss

Community Calendar