TODAY (DECEMBER 1, 2017) REPUBLICANS OVERSEAS SAID:
“RO Update on TTFI and FATCA:
The JCT (Joint Committee on Taxation) finally released the Senate tax bill score with the indication that the Senate Tax Cuts and Jobs Act would add more than $1 trillion to federal deficits over the next 10 years: http://www.washingtonexaminer.com/senate-tax-bill…/…/2642198
Unfortunately, the TTFI score was not included. Without JCT’s TTFI score, Sen. Heller’s two place-holder amendments cannot be moved to the Senate floor for debate and vote. Because Congress intends to pass tax reform using budget reconciliation (which imposes a limit on any increase in the budget deficit), no amendments without a JCT score can be included in the bill, and this, unfortunately, includes TTFI.
Republicans Overseas is very disappointed that TTFI will not be included in the current Tax Cuts and Jobs Act.
We will not stop fighting, however, and we still have a chance to make one major change in this bill process: repeal FATCA.
Senator Rand Paul’s FATCA amendment has been submitted to the Senate, and the amendment will be debated and voted on as early as Friday. FATCA has already been scored by the JCT in a previous process, so it can be included in the bill.
Please contact your senators!
The Senate vote on the tax bill was delayed while Senate Republican leaders made changes to the bill to win over several hold-outs. This delay gives us more time to contact senators and ask them to support Sen. Paul’s FATCA repeal amendment.”
The above posted in: https://www.facebook.com/republicansoverseas/