WASHINGTON – Sen. Ron Johnson (R-Wis.) in a Friday morning tweet said he will support the tax reform bill Republican lawmakers crafted in conjunction with the Trump administration.
I’ll be voting yes on tax reform. Appreciate Senate leadership and @POTUS willingness to work to close the gap between pass-throughs & C corps. There’s a lot of work still to reconcile Senate & House bills, and I’ve been assured a seat at the table during those negotiations.
— Senator Ron Johnson (@SenRonJohnson) December 1, 2017
Johnson initially said he would not support the legislation because of a provision that sunsets tax cuts for small businesses while making corporate cuts permanent. Johnson clarified in a statement that assurances of a compromise that would increase deductions for pass-through entities from 17.4 percent to 23 percent is what changed his mind.
Following Johnson’s announcement Senate Majority Whip John Cornyn (R-Texas) told reporters that he believes Republicans have the requisite 50 votes needed for passage.
Sen. Steve Daines (R-Mont.), who like Johnson had said he would not support the measure because of its treatment of small businesses, announced Friday morning that he too will vote for the bill.
Sen. Jeff Flake (R-Ariz.), who had expressed concern that the legislation could significantly increase the deficit, late Friday morning said in a statement that he will back the measure because of the elimination of an “$85 billion expensing budget gimmick” that was included in the bill as well as an agreement for “fair and permanent protections for DACA recipients.”
Tennessee Sen. Bob Corker, who like Flake has expressed concern about deficit increases, could potentially be the lone Republican dissenter.
Eight hours of debate time remain before an expected final vote.