Senator John Thune, the third-ranking Republican and a member of the tax-writing Finance Committee, said complicated rules and procedures in his chamber could delay a tax bill until 2018.
“The Senate is a very unpredictable place,” Thune said Wednesday during a Bloomberg TV interview.
“One thing I can tell you is whether it gets done at the end of the year or sometime into next year, it will be done in this congressional cycle.
” Earlier this week President Donald Trump and Senate Majority Leader Mitch McConnell appeared to give themselves some breathing room on their goal of completing a tax overhaul before year’s end in remarks that emphasized the difficulty of passing major legislation.
House Speaker Paul Ryan and other GOP members have said a tax overhaul has to happen this year -- otherwise mid-term elections in 2018 could complicate the task.
Congressional committees can’t start writing a tax bill until Congress adopts a budget resolution, Thune said.
That resolution will unlock the special procedure GOP leaders plan to use to pass a bill in the Senate with only 50 votes.
(The party controls 52 Senate seats.
) The Senate is expected to vote later this week on its version of a budget resolution, and the House has already passed one.
Thune said he thinks it will take a week -- or two at most -- to reconcile the different resolutions.
— With assistance by David Westin.
“The Senate is a very unpredictable place,” Thune said Wednesday during a Bloomberg TV interview.
“One thing I can tell you is whether it gets done at the end of the year or sometime into next year, it will be done in this congressional cycle.
” Earlier this week President Donald Trump and Senate Majority Leader Mitch McConnell appeared to give themselves some breathing room on their goal of completing a tax overhaul before year’s end in remarks that emphasized the difficulty of passing major legislation.
House Speaker Paul Ryan and other GOP members have said a tax overhaul has to happen this year -- otherwise mid-term elections in 2018 could complicate the task.
Congressional committees can’t start writing a tax bill until Congress adopts a budget resolution, Thune said.
That resolution will unlock the special procedure GOP leaders plan to use to pass a bill in the Senate with only 50 votes.
(The party controls 52 Senate seats.
) The Senate is expected to vote later this week on its version of a budget resolution, and the House has already passed one.
Thune said he thinks it will take a week -- or two at most -- to reconcile the different resolutions.
— With assistance by David Westin.
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