Axios is reporting that the GOP has the votes in the Senate to pass the Billions for Billionaires Bill.
UPDATE 1, Axios again:
Three big things in the report:
- The child tax credit has been made more refundable than in the Senate bill. It’s now $2,000 per child, with $1,400 of this refundable for families who have no income tax liability.
- The corporate rate will be 21% beginning in 2018.
- The top individual rate is 37%. There are seven brackets, and the lowest rate is 10%.
The bottom line: House Speaker Paul Ryan said Republicans are “on the door step of something truly historic.”