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Republican Senator comes out against tax overhaul

Thursday, November 16, 2017 - 01:37

Republican Senator Ron Johnson came out against his party’s bill to overhaul the U.S. tax code, casting doubt on whether lawmakers will be able to deliver on a major promise. Jillian Kitchener reports.

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A blow to Republican hopes of overhauling the U.S. tax code. GOP Senator Ron Johnson on Wednesday declaring he would vote against a bill, claiming it unfairly benefits corporations at the expense of other businesses. (SOUNDBITE) (English) U.S. REPUBLICAN SENATOR RON JOHNSON, SAYING: "I wouldn't vote for this Senate version, bottom line. There is a real problem here in terms of the equitable treatment of pass-through entities." With fifty-two members in the Senate, and solid Democratic opposition to the plan, the GOP can afford to lose no more than two votes. Other Republicans in the Senate have raised issues with the bill. Arizona's Jeff Flake has warned about its effect on the deficit and Maine's Susan Collins criticized a move to include repealing a key provision of Obamacare in the tax bill. Democrats say the tax plans amount to a massive giveaway to the wealthy and to U.S. corporations. They point to analyses showing millions of Americans could end up paying more in taxes because the overhaul could eliminate popular tax deductions. A Reuters/Ipsos poll found that just 28.5 percent of Americans say they support the Republicans' tax reform plan. 45.5 say they oppose it. Over a quarter of Americans say they don't know. President Donald Trump has been beating the drum for a major tax overhaul. After plans to repeal the affordable care act, he has yet to deliver a major legislative victory. The plan faces a major test Thursday when the House of Representatives will vote on their version a bill. Republicans, who command a majority in both chambers of Congress, say they're confident the bill will clear the House.

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Republican Senator comes out against tax overhaul

Thursday, November 16, 2017 - 01:37