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COMING UP:Share Opener Variant 3

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Transcript

00:00:00
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00:00:02
President Trump's tax cuts gather momentum as Republicans in the Senate set aside differences and agree to bring their bill up for a vote.>> The motion is agreed to.>> I'm Andy Sullivan, in Washington, where Republicans are moving with rare speed to get their tax cut package through the Senate.
00:00:15
They voted to bring the bill to the floor even though crucial details remain in flux. A final vote could come as soon as Thursday. Now it could all still fall apart just like their failed attempt to repeal Obamacare this summer. But this time Republicans are broadly united behind their tax cut plan, and they're eager to show voters they can get results.
00:00:34
The bill would slash corporate taxes and temporarily lower rates for individuals as well. Trump traveled to Missouri Wednesday to build support, saying it would boost job creation and growth.>> With your help, we can usher in a thrilling new era of opportunity and growth for this nation that we love so much.
00:00:50
>> A Reuters Ipsos poll shows 49% of voters oppose the tax bill while only 29% support it. Democrats uniformly opposed the bill, saying it does little for the majority of Americans who aren't rich. Republicans have little room for error, as they control the Senate by a narrow 52 to 48 majority, and not all GOP lawmakers are on board.
00:01:10
The bill would swell annual budget deficits by a total of $1.4 trillion over 10 years. A key sticking point for Republicans, like Senator Bob Corker, who wants the tax cuts rolled back if they don't boost the economy as much as expected. Other Republicans and business groups, like the US Chamber of Commerce, don't like that idea.
00:01:28
Republicans have a lot of work to do before they can pass their bill out of the Senate, and the fact that they still aren't clear on the details could be a worrisome sign. But at this point, they're making steady progress on a tax code rewrite that could shape the US economy for years to come.