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Reuters
WASHINGTON
Top US Republicans said they expected Congress to pass a tax code overhaul this week, with a Senate vote as early as Tuesday and President Donald Trump aiming to sign the bill by week's end.
John Cornyn, the No. 2 US Senate Republican, said in an interview on ABC's"This Week"on Sunday that he was"confident"the Senate would pass the legislation,"probably on Tuesday."Republican Representative Kevin Brady said he believed his party had the votes to pass the bill.
"I think we are headed - the American people are headed - for a big win on Tuesday,"Brady, the House of Representatives'top tax writer, said on Fox News'"Sunday Morning Futures with Maria Bartiromo."
"We've worked hard to make sure that those strange Senate rules don't hang this up in any way,"Brady added."I am confident that's the case."
If passed, the bill would be the biggest US tax rewrite since 1986 and would provide Republican lawmakers and Trump with their first major legislative victory since they took control of the White House in January, in addition to Congress.
Democrats have been unified against the measure, calling it a giveaway to corporations and the rich that would drive up the federal deficit. The tax bill is expected to add at least $1 trillion to the $20 trillion US national debt over 10 years, even after accounting for the economic growth it might spur, as per independent govt analyses.
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18/12/2017
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