• Lawmakers have now ruled out any tax increases down the road to pay for that deficit hole. They have rejected a possible increase in the corporate tax rate or the revival of the alternative minimum tax on wealthy individuals and some companies.
Republicans close in on passing Senate bill.
The Senate has once again regained momentum to pass Republicans’ sweeping tax overhaul, after party leaders picked up the votes of three holdouts, Mr. Flake, Mr. Daines and Mr. Johnson.
Senator Mitch McConnell, the majority leader, and Senator John Cornyn, the No. 2 Senate Republican, said on Friday morning that Republicans had the 50 votes they need to pass the tax bill.
Republicans appeared increasingly confident as they milled into the Senate’s ornate Strom Thurmond room to hash out the remaining details of a tax bill that has been a moving target.
In spite of their optimism, uncertainty remained. Senator Susan Collins, surrounded by a horde of journalists wielding voice recorders, declared “I don’t know how Senator Cornyn can speak for me, I speak for myself,” when told that Mr. Cornyn said he had her vote.
Still, lawmakers have agreed to one of Ms. Collins’ main requests and will add a $10,000 property tax deduction into the Senate bill.
Another wild card is Senator Marco Rubio of Florida, who has pushed hard, along with Senator Mike Lee of Utah, for an amendment that would allow more low-income families to claim an expanded child tax credit. To fund that change, Mr. Rubio and Mr. Lee would reduce the size of the cut in the corporate tax rate, landing it at 22 percent instead of 20 percent, a change opposed by President Trump.
Fifty votes would be enough for a victory if Vice President Mike Pence breaks the tie.
Mr. Corker and Mr. Flake had pushed to scale back the tax cuts in the Senate bill by as much as one-third, in the wake of a report from the congressional Joint Committee on Taxation that projected the bill would add $1 trillion to deficits over the course of a decade, even after accounting for economic growth. Their insistence has angered many Republican colleagues who do not want to reduce the $1.4 trillion tax cut package.
On Thursday night, Republicans were discussing several possibilities for…