releases: https://www.mccaskill.senate.gov/media-center/news-releases/mccaskill-on-tax-reform-if-they-decide-to-start-fresh-with-a-real-bipartisan-approach-i-believe-we-could-get-it-done
Data license: MIT · Data source: dwillis/congress-press
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| url | title | date | year | month | party | chamber | state | member_name | bioguide_id | domain | scraper | source | date_source | text | has_text | collected_at | updated_at |
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| https://www.mccaskill.senate.gov/media-center/news-releases/mccaskill-on-tax-reform-if-they-decide-to-start-fresh-with-a-real-bipartisan-approach-i-believe-we-could-get-it-done | McCaskill on Tax Reform: ‘If they decide to start fresh with a real bipartisan approach… I believe we could get it done’ | 2017-11-29 | 2017 | 2017-11 | Democrat | House | MO | Claire McCaskill | M001170 | www.mccaskill.senate.gov | legacy | McCaskill on Tax Reform: ‘If they decide to start fresh with a real bipartisan approach… I believe we could get it done’ Senator reiterates willingness to support real tax reform focused on Missouri’s working families—publishes Medium post detailing what she supports, versus plan by Republican leaders in Congress Wednesday, November 29, 2017 WASHINGTON – As Republican Majority Leader Mitch McConnell moves a controversial, partisan tax plan to the floor of the U.S. Senate—a plan that would, according to independent analysts, “cut taxes of [the] wealthy and increase taxes on families earning less than $75,000 by 2027”—Senator Claire McCaskill today released the following statement: “What I said to President Trump when we sat down together is still true today—I’m eager to support real, bipartisan tax reform. I’d jump at the chance to support a plan to deliver relief to Missouri’s working families, simplify the tax code, close loopholes exploited by the rich, and lower the corporate tax rate. Unfortunately, this tax plan doesn’t live up the commitment I got from President Trump, when he told me he wouldn’t support tax reform that benefited the very rich at the expense of the little guy. The Republican-drafted tax plan would further complicate the tax code, keep open those loopholes, deepen the national debt, and give the vast majority of benefits to millionaires and billionaires, while working families get hurt. But if Republican leaders decide to start fresh, with a real bipartisan approach, I’m ready to get to work and I believe we could get it done.” Click HERE to read a blog post by McCaskill outlining what she would support in a tax reform plan. As reported yesterday, McCaskill joined other moderate Senate Democrats including Joe Manchin of West Virginia, Heidi Heitkamp of North Dakota, and Joe Donnelly of Indiana, among others, to express readiness to negotiate bipartisan tax reform “despite being frozen out of negotiations.” The current Republican-drafted tax proposal would make tax cuts to large corporations permanent, while making the relatively smaller tax breaks for individuals and families temporary. The proposal would also undermine current healthcare law (leading to higher premiums and fewer insured Americans), and, according to former U.S. Defense Secretaries, jeopardize U.S. military funding. McCaskill offered several amendments to the proposed tax plan during the Senate Finance Committee’s consideration, including: An amendment to restore the deduction for individuals and families for property that is lost in a disaster, such as flooding or a fire, outside of a formal declared disaster area—a deduction that is eliminated for individuals in the proposed tax plan, but retained for corporations. The amendment was rejected by the Republican committee members. An amendment to ensure that individuals have the same access to deductions as corporations (such as deductions for state and local taxes, and moving expenses), which is not currently the case in the proposed tax plan. That goal, which was the subject of several amendments, was rejected by the Republican committee members. An amendment to ensure that the tax plan’s proposed deduction for “pass-through” income—a deduction for business owners who receive income passed through various business structures like an LLC—would only be available to small business owners earning less than $1 million, instead of also being available to millionaires and billionaires. Under the amendment, the revenue that would gone to millionaires and billionaires would have instead gone to small business tax relief. The amendment was rejected by the Republican committee members. McCaskill also cosponsored or voted to support several amendments to the proposed tax plan, including amendments to: make the tax cuts for individuals and families permanent, expand the child tax credit, protect Social Security and Medicare from budget cuts, and establish a dedicated infrastructure fund with some of the revenue from companies shifting tax dollars back to the U.S. from overseas. Republican members of the committee rejected each of those amendments, and every amendment offered by the Finance Committee’s Democrats. As reported, according the Joint Committee on Taxation—who serve as the official nonpartisan analysts for Congress—under the proposed tax plan: “Tax hikes for households earning $10,000 to $30,000 would start in 2021 and grow sharply from there. By the year 2027, Americans earning $30,000 to $75,000 a year would also be forced to pay more in taxes even though people earning over $100,000 continue to get substantial tax cuts. Most of the hit to the poor and working-class comes from the Senate Republicans' push to insert a major health care shift into the tax bill… [leading] to 13 million more uninsured, the Congressional Budget Office has said. Many of those people earn modest incomes and currently receive tax credits and subsidies from the government to help them afford insurance. As health insurance premiums rise and people opt not to buy insurance anymore, their tax breaks go away…” Click HERE to read a blog post by McCaskill outlining what she would support in a tax reform plan. ### Print Email Tweet | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |