Sen. Richard Blumenthal, D-Conn., is leading a group of Democrats in the Senate to push President Donald Trump’s tax cuts to the Senate floor before they expire.
| Mark Wilson/Getty Images The Senate Finance Committee on Wednesday approved the tax cut bill, with all Senate Democrats joining with Republicans in the GOP-led chamber to vote for it.
But Democrats said Republicans should vote on the legislation before the end of the year.
“The President has put his tax cuts in the middle of a global financial crisis that will threaten our economy,” Sen. Ben Cardin, D.C., the top Democrat on the Finance Committee, said in a statement.
“The tax cuts must be paid for, and they must be done now, before they are paid for.
It is in our nation’s best interest to move forward with this legislation.”
Sen. Claire McCaskill, D.-Mo., joined Democrats on Wednesday in voting to move the legislation through the Finance committee, where it has a 50-50 chance of passing, according to a Senate aide.
Sen. Chris Coons, D., the No. 2 Senate Democrat, said he was concerned about the impact of the tax cuts on Americans with lower incomes.
“When it comes to this massive tax cut, it will cost more to support families and less to pay for the cost of the bill, he said in an interview.”
We need to take a long-term view and not rush to this.
This is about protecting the middle class and our economy.
“The Senate Finance committee has jurisdiction over tax legislation, which has not yet been debated.