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Second Republican Senator Comes Out Against GOP Senate Tax Bill

Corporate Greed

Second Republican Senator Comes Out Against GOP Senate Tax Bill





Sen. Steve Daines (R-Mont.) has joined Sen. Ron Johnson (R-Wis.) by rejecting the current version of the Senate GOP tax reform bill on Monday, becoming the second Republican senator to oppose the legislation and bringing it just one no vote away from failure.

“Sen. Daines has concerns with how the tax bill looks at main street versus large corporations,” an aide to the Montana Republican said. “The Senator wants changes to the tax cut bill that ensure main street businesses are not put at a competitive disadvantage against large corporations.”

The aide added that Daines “remains optimistic and is continuing to work with colleagues.”




The Hill added:

Under the Senate Republican bill, the corporate tax rate would be cut from 35 percent to 20 percent. While the bill would also provide a 17.4-percentage point deduction for pass-through businesses, those businesses would still see higher effective tax rates than corporations.

Daines and Johnson are working with other GOP lawmakers and the White House to make changes to the bill so that they can ultimately vote for it.

President Trump said on Twitter Monday that changes could simplify the pass-through provision and make it work better.

“It was good to speak with @realDonaldTrump this weekend working through these concerns,” Daines added after retweeting Trump’s comment.

Senate Republicans are expected to vote on their tax bill this week.



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