Breaking News: Senate leaders push tax debate into Friday

View in your browser     Senate leaders push tax debate into Friday Senate Republicans are pushing work on their bill into Friday as they try to work out concerns over the deficit. "The Senate will continue to debate the bill tonight. [But] the next roll call votes will be at 11 a.m tomorrow morning," Senate Majority Leader Mitch McConnell (R-Ky.) announced Thursday night. Read the full story here         Did a friend forward you this email? Sign up for Breaking News     Forward Breaking News       Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  |  Email to a friend  |  Sign Up for Other Newsletters   The Hill 1625 K Street, NW 9th Floor, Washington DC 20006 ©2016 Capitol Hill Publishing Corp., a subsidiary of News Communications, Inc.

News Alert: GOP to reduce tax relief by $350B to win over deficit hawks

View in your browser     GOP to reduce tax relief by $350B to win over deficit hawks  Senate GOP leaders have agreed to roll back $350 billion in tax relief in response to a procedural ambush by deficit hawks led by Sen. Bob Corker (R-Tenn.) that nearly killed the GOP tax reform bill. Senate Republican Whip John Cornyn (R-Texas) told reporters after a round of intense discussions on the floor, “we have an alternative, frankly, tax increase we don’t want to do to try to address Sen. Corker’s concerns.” Read the full story here         Did a friend forward you this email? Sign up for News Alerts     Forward News Alerts       Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  |  Email to a friend  |  Sign Up for Other Newsletters   The Hill 1625 K Street, NW 9th Floor, Washington DC 20006 ©2016 Capitol Hill Publishing Corp., a subsidiary of News Communications, Inc.

News Alert: Senate tax bill adds $1 trillion to deficits

Republicans have made a very big deal pitching their tax reform plan as an elixir for economic growth.

But a new nonpartisan analysis of the Senate tax bill suggests that while it will spur some additional economic growth, it won't be nearly enough to compensate for the full cost of the bill's provisions, which include tax cuts for businesses and individuals.

The Joint Committee on Taxation, the Congressional scorekeeper for tax bills, estimates that the Senate tax bill could generate enough growth to create nearly $408 billion in new revenue over a decade. But even with that additional revenue, the bill would still add an estimated $1 trillion to deficits.

Read more …

Catch up on today’s other tax headlines:

• Live updates: Senate close to a vote on tax reform
• Analysis: Merry Christmas and 36 other important things Trump said about taxes
• Sen. John McCain says he'll vote for Senate GOP tax plan
• The other senators who will decide tax reform: Where they stand
• Fact-check: Trump claims the Republican tax plan will 'cost me a fortune'
• Graduate students stage walkouts to protest GOP tax plan
• 5 false or misleading things Trump said in his tax speech

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News Alert: Listen to the HillCast PM View: Why Trump doesn't want to tell Tillerson 'You're Fired'

View in your browser     Listen to the HillCast PM View: Why Trump doesn't want to tell Tillerson 'You're Fired' Secretary of State Rex Tillerson’s future is once again in doubt, but President Trump doesn't like having to say "you're fired." Host Niv Elis talks to the Hill’s Jordan Fabian, Naomi Jagoda, and Cristina Marcos about what happened today on Capitol Hill. Listen to The Hill's podcast here           Did a friend forward you this email? Sign up for News Alerts     Forward News Alerts     You Might Like       Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  |  Email to a friend  |  Sign Up for Other Newsletters   The Hill 1625 K Street, NW 9th Floor, Washington DC 20006 ©2016 Capitol Hill Publishing Corp., a subsidiary of News Communications, Inc.