There was actually something that could be considered a development for the tax bill Friday. Senate Majority Leader Chuck Schumer wrote in a letter to his colleagues that the tax plan negotiated by Senate Finance Chair Ron Wyden (D-Ore.) and House Ways and Means Chair Jason Smith (R-Mo.) could be considered “in the weeks and months ahead.”
Key Senate Republicans, including the ranking member of the Finance Committee, Sen. Mike Crapo of Idaho, and the two tax writers running to be next GOP leader in the chamber, Sens. John Cornyn of Texas and John Thune of South Dakota, all continue to have issues with the Wyden-Smith bill, complicating its chances of getting passed.
