Senate Majority Leader Mitch McConnell (R-Ky.) predicted on Thursday that some Democrats in the Senate will support the GOP tax reform package. On Fox News Channel's "The Daily Briefing," McConnell told show host Dana Perino that "at least three" Senate Democrats may vote "yea" on tax reform.

Earlier in the day, Republicans in the House of Representatives revealed that tax bill. The proposal offers lower rates for some taxpayers and preserves the 401K retirement accounts, while it reduces for state and local taxes. House Minority Leader Nancy Pelosi (D-CA) reponded by saying that the bill is "deficit-exploding" and a "multi-trillion dollar giveaway to the wealthiest and corporations." McConnell laughed at the description and pointed out that the Washington Post gave her claim as "four Pinocchios," calling it "almost entirely inaccurate."  He claimed that the bill will reduce taxes for middle-class taxpayers and businesses and "prevent our jobs from being exported to other countries. That's the core of the bill." He said that he hopes to send the bill for the president's signature by the end of this year. 

Before McConnell appeared on Fox News, President Donald Trump called the tax reform a "big, beautiful Christmas present" for American taxpayers.

Sen. Chris Van Hollen (D-Md.), a member of the budget and appropriations committees, appeared later on the show and told Perino that the tax package is a $2 trillion "windfall" for big corporations. "There are millions of middle-class taxpayers who will see their taxes increase in order to provide tax breaks for multinational corporations," said Van Hollen. The Democratic caucus, he said, has proposals to help both the working class and the middle class. 

For his part, House Speaker Paul Ryan (R-Wisc.) that millionaires are not getting a tax cut. He said that some Democrats in the House will also support the tax reform proposal. Speaking outside the White House after confering with President Trump, Ryan admitted that Trump was the author of the plan. 




Remains of WW2 pilot found on the bottom of Pacific Ocean

U.S. Navy personnel have discovered the remains of an American aviator who was shot down in combat over the Pacific Ocean in 1944. A team aboard USNS ...


Short Link

Martin Barillas is a former US diplomat and the editor of Spero News.

Do you like what you just read?

Back our investigations with an immediate financial contribution. Spero News operates on the financial support from you and people like you who believe in media independence and free speech.