President Lobbies Senators on Tax Reform

WASHINGTON -- President Trump goes to Capitol Hill today as he pushes for one of his biggest legislative priorities -- tax reform.

Senate Republicans are hoping to pass a tax bill this week, but it's unclear if they will have the votes.

President Trump attends lunch with Senate Republicans today as he personally lobbies them to pass a tax reform bill.

"I think it's going to benefit everybody. It's going to mostly benefit people looking for jobs - more than anybody else. There are a lot of incentives."

GOP leaders want to pass the bill this week, and are working to secure the votes.  They held an event this morning highlighting the importance of tax reform for small businesses.

Small business may be a sticking point to getting the bill passed.  Senators ron johnson of wisconsin and steve daines of montana have said they will not vote for the bill in its current form - because it favors big corporations over small business owners. 

Both Johnson and Daines say they are open to changes that will win their votes but GOP leaders have to make sure any changes they make do not alienate any other Senators. The GOP can only afford to lose two votes.

At least seven Republican Senators have not said how they'll vote, including Arizona's Jeff Flake. 
"My concern has been some of the phase outs and gimmicks that typically come into a bill this and addressing some of those and we're working on it."

The congressional budget office projects the bill will add $1.4 trillion to the deficit.  Republicans are considering a trigger that automatically increases taxes if the bill fails to generate as much revenue as expected.  

(Weijia Jiang, CBS News)


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