Page 16 - Budget Rules News Today : Breaking News, Live Updates & Top Stories | Vimarsana

He said we need to address this in january. he told several of us the other night that he was in a meeting and hoping to get there but he ultimately was a vote today. there were five distinct breaks during the roll call vote where vice president pence presiding in his capacity as president of the senate had to instruct the sergeant at arms to restore order and remove protesters. they were chanting "kill the bill, don't kill us." in fact, one very vocal protester called out senator flake from a gallery, said "jeff flake, have you know shame, have you know sense of decency." they did, just befor...

Tomorrow morning here on capitol hill. there is a technical provision that needs to be stripped from the senate version of the bill because of how they're trying to pass this through under budget rules. that's to say the senate tonight will vote on a version, then they send it back over to the house. this does not jeopardize at this point the house bill in any way, this is just a technical glitch, but certainly a hiccup given that earlier today we saw speaker of the house paul ryan so triumphantly gavel down when they were able to pass that bill in the house earlier today. they did pass that d...

Politics, republicans on the verge of their first major legislative win of the year. the senate is now debating the republican tax bill, not only fulfilling a republican promise to overhaul the u.s. tax system, but making good on a pledge to repeal the mandate for obamacare, removing the penalty for those who don't purchase health insurance. that is, of course, expected to increase premiums. let's go to cnn's phil mattingly. phil, you're hearing about some issues in the senate bill that might require another house vote. . >> reporter: that's right, jake. sending out a notice to their members t...

Bill in its current form." keep in mind, for every senators demand, there has to be some trade-off to comply with budget routes, which forbid the tax packages from adding any more than $1.5 trillion to the deficit of the next ten years. despite all that, senate finance committee chairman orrin hatch remains confident. >> yes, i think it will get worked out one way or another but it's going to take good faith on both sides to be able to do it. you know, it's like anything else, we've got to get results and on to get the bill passed. >> here is a likely scenario now. after the conference report ...

This will impact you differently if you live in a state with high state and local taxes because as you you can see, the state and local tax deduction is capped at $10,000, we're waiting to see the exact mechanisms but it sounds like it will be a combination or people can elect to take either one or the other up to $10,000, they're also lowering the home mortgage interest deduction to $750,000 from the current one million. so any dollars above that you have to pay taxes on your interest, you won't be able to deduct that. secondly the other thing is they needed to hit this $1.5 trillion baseline...