Trump open to changes in GOP effort on tax overhaul
WASHINGTON — President Trump said Monday that changes to the Republican tax bill are coming as he looks to win over holdout GOP senators in an effort to pass the package by the end of the year.
“With just a few changes, some mathematical, the middle class and job producers can get even more in actual dollars and savings,” the president said in a tweet.
Senate Republicans are considering a trigger that would automatically increase taxes if their sweeping legislation fails to generate as much revenue as they expect. It’s an effort to mollify deficit hawks who worry that tax cuts for businesses and individuals will add to the nation’s already mounting debt.
The effort comes as a second Republican senator, Steve Daines of Montana, announced Monday that he opposes the tax bill in its current form. Previously, Sen. Ron Johnson, R-Wis., said he opposed the bill, leaving Senate Republicans no room for error as they hope to vote on the bill this week.
Both senators complained that the tax bill favors large corporations over small businesses. Republicans have only two votes to spare in the Senate, where they hold a 52-48 edge and anticipate Vice President Mike Pence breaking a tie.
Trump and Senate leaders are trying to balance competing demands. While some senators fear the package’s debt consequences, others want more generous tax breaks for businesses. In a boost for the legislation, Republican Sen. Rand Paul of Kentucky said he would back the measure.
Trump hosted Republican members of the Senate Finance Committee at the White House on Monday. Afterward, Sen. John Cornyn of Texas, the No. 2 Republican in the Senate, said the plan is to vote on the current tax bill this week, then work out the differences between the Senate bill and one passed by the House earlier this month.
But as of Monday, GOP leaders were still trying to round up the votes in the Senate to pass the bill.
“We always have to deal with everybody. It’s not any one particular person,” said Sen. Orrin Hatch, R-Utah, chairman of the Finance Committee.
By Stephen Ohlemacher and Marcy Gordon are Associated Press writers.