U.S. Senate Pushes for Thursday Tax Plan Vote

The transcript discusses the progress and challenges of passing a tax cut bill in the Senate. The President is optimistic, but the bill requires 50 out of 52 Republican votes. Key concerns include the inclusion of the Obamacare individual mandate repeal and the pass-through provision, which affects small businesses. The bill's budget must remain neutral over ten years, and removing the ACA provision would create a $300 billion deficit. The CBO and Joint Committee on Taxation indicate the bill is close to budget neutrality, but some senators remain unconvinced.

What is the President's stance on the tax cut bill?

• He is very positive about it.

• He has not commented on it.

• He is indifferent about it.

• He is against it.

How many Senate votes are needed to pass the tax cut bill?

• 48 out of 52

• 50 out of 52

• 49 out of 52

• 52 out of 52

Which senator expressed concerns about the pass-through provision?

• Bob Corker

• Ron Johnson

• Susan Collins

• Jeff Flake

Why is the individual mandate repeal important for the bill?

• It provides necessary revenue.

• It increases the deficit.

• It has no significant impact.

• It simplifies the bill.

What is the financial goal of the tax cut bill over the long term?

• To increase the deficit by $300 billion

• To eliminate the deficit entirely

• To achieve budget neutrality

• To reduce taxes for corporations only