They are trying to rush the tax bill through Congress and into law in part to make up for months of failed legislative efforts. The tax plan does allow firms that pay corporate income taxes to deduct their state and local taxes. This provision was in a bill that passed the House of Representatives, but it is not in the Senate bill. If he blocks the tax bill in the Budget Committee and is joined by Sen. Bob Corker (R-Tenn.), who has raised separate concerns, the package could quickly die. But Democrats have said the tax changes are uneven, offering long-term benefits for companies and the wealthy and temporary tax cuts for individuals and families.

Source: Washington Post November 26, 2017 19:18 UTC