Policy · 115th Congress
Five Wacky and Wonky Provisions in the Senate Tax Bill
</p> Season football tickets aren’t charitable giving? Colleges take another hit to the chin in the Senate bill.
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</p> Season football tickets aren’t charitable giving? Colleges take another hit to the chin in the Senate bill.
</p> But the mechanisms for achieving such goals are different.</p> Unlike the House bill, the Senate proposal would keep seven tax brackets for individuals.
</p> The amendment from Ways and Means Chairman Kevin Brady would affect 18 sections of the bill, according to a summary posted on the panel’s website.
</p> “Yes the Senate bill is going to be different than the House bill,” Ryan said, saying that’s part of the legislative process.
</p> “Probably we’ll do [the tax bill] the week after,” the Texas Republican said when asked about whether the Senate will remain in the week of Thanksgiving.</p> Senate Finance Chairman Orrin G.
</p> The speaker declined to accelerate a March deadline.
</p> “We are completing an amendment tomorrow that will bring the bill within budget reconciliation,” the Texas Republican said.
</p> Hatch said the proposal should be similar, but not identical to the House bill, adding he was unsure exactly what will be included in the public release.
</p> The bill from Senate Finance Chairman Orrin G. Hatch and Idaho Sen. Michael D. Crapo would end the requirement for states to pass legislation to implement a so-called 1332 waiver.
</p> It is possible Collins could again be a critical swing vote on the pending tax bill.
A bill introduced by Senate Judiciary Chairman Charles E.
</p> The bill, from Sens. Jeff Flake, R-Ariz., and Martin Heinrich, D-N.M., would apply to convictions from both military and civilian courts.
</p> <p class="p1">[Watch Rep. Larson’s Fiery Condemnation of Tax Bill Process]</p> <p class="p1">President Donald Trump and conservative House Republicans are pushing for it to be included.
</p> Tensions rose about six hours into Day One of the marathon markup when Chairman Kevin Brady offered an amendment to his previous substitute that would make several changes to the bill.
</p> The Ways and Means Committee will meet at noon Monday to begin marking up the tax bill and is aiming to finish on Thursday, according to Chairman Kevin Brady.
</p> </p> Democrats universally panned the tax bill as a tax cut for the wealthy.
</p>Other bonds In addition to private activity bonds, the GOP bill targeted a few other areas of tax-exempt bond policy.
Ways and Means Chairman Kevin Brady confirmed Friday there will be no amendments allowed on the tax overhaul bill when it reaches the House floor.
And I am now content with that part of the bill. I’m trying to get it indexed for inflation, which I think is reasonable.”
</p> The tax bill includes a provision that would remove an inflation adjustment from the renewable energy production tax credit, likely dropping it from 2.3 cents per kilowatt hour for tax year 2016