The Senate Tax Bill Has Something for Every Republican to Hate

  • Lawmakers warily eye their once-in-a-generation opportunity
  • Fleeting rate cuts, potential tax hikes loom in bill’s details
Ron Johnson of the Senate Budget Committee and a Republican from Wisconsin discusses the tax plan, Nov. 29.Source: Bloomberg
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Some Republican senators hate that they’re about to vote for a bill that cuts individual tax rates before raising them back in a few years.

Others hate that they might have to approve spring-loaded tax hikes if deficits increase. Some hate that large corporations would get a lower tax rate than family-owned businesses. And plenty of GOP senators hate that their once-in-generation opportunity to rewrite the tax code wouldn’t abolish the estate tax that conservatives detest.