Senators are waiting for parliament to the rules of tax-cut package

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Senate Republicans are expected to receive this week that they will play an important role in shaping their plans to progress with them Taxed package And the end of the 2017 tax reduction and the final term of the main provisions of the workplaces will increase the trillions of dollars from next year.

GOP deputies will be able to identify the tax and spending period of the Senate Parliamentarian, the tax bill, which are known as the law and the current policy basis “for tax and spending invoices, and the tax invoice will be able to prepare a tax bill.

On the basis of current policy, tax cut and other term policies, as if it is permanent, so they are not able to extend them, Budget deficit.

On the contrary, the basis of the current law estimates the budget expenditure, which assumes this program and policy is completed in the date established by law, ie the extensions may carry an additional deficiency value.

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Congress Capitol Dome

Republican senators are waiting for a key decision on tax cutting plans in the Senate. (Samuel Core / Getty Images)

A decision by Senate Parliament Allows you to use a current policy base, the current law allows you to develop tax-cut extensions to about 4 trillion dollars.

The reason for this, the budget reconciliation rules prevent the increase in budget deficits outside the 10-year budget window, comply with these rules and transfer the legislation through the Congress on line votes.

Gop senators If he deny 60 votes to cancel the deputation decision, it can still continue the basis of the current policy. However, this will require seven Democrats, assuming all the gop senators, this is a result of not possible to play for a guerrilla bill.

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Seniya’s Daines, R-Mont, ‘Hillary Vaughn’s’ permanent, said that the reason for the end of the tax cuts, and this is currently, we must eliminate the uncertainty of Washington. There is a $ 4 trillion tax increase. “

Chairman of the Senate Banking Committee Tim Scott, Rs.C., told the FBI they wanted to receive tax discounts and jobs until the end of this tax season.

The Senate can consider the budget resolution starting the reconciliation process as soon as possible this week.

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Donald Trump, Tax Cut

President Donald Trump has signed the law in 2017, which has some key policies to end in late 2025. (Jabin Botsford / Washington Post via Getty Images)

The US Chamber of Commerce, along with 492 state and local colleagues, along with national trade unions, called the Congress in February to use a convention to use a policy for tax reduction.

“It would prevent a $ 4 trillion-dollar increase by creating a way to adopt the basis of the current policy, to make a pavement of American families and employers to constant TCJA,” he said. “To do this, growth driving, accelerating productivity and provides businesses when it has to work to increase the prosperity along all segments of the economy.”

Budget Hawks have criticized the current policy approach as a “budget gimmick to create a precedent to increase the budget deficit of the congress National debt Further without current reconciliation rules in the future.

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“The current policy-based approach is a budget Gimmick, which allows you to increase the increase in deficits without proper accounting,” he said. “To apply the current policy, this year was not only financially irresponsible in terms of tax discussion, but opened a dangerous precedent by opening more dozens of unknown trillions in the coming years.”

Fox’s work ‘Hillary Vaughn has contributed to this report.

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