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?

What challenges do Republicans face in getting the tax cut bill through the Senate?

What concerns does Susan Collins have regarding the tax cut bill?

What is the significance of the pass-through provision in the tax cut bill?

How does the removal of the individual mandate affect the tax cut bill's budget?