The Great Smoky Mountain Journal

Staff, Wire Reports

Posted: Sunday, January 21, 2018 07:28 PM

President Trump Says "YUGE" Tax Cut Coming To Americans For Christmas

President Trump on Friday predicted Congress would pass a sweeping bill to reform the country’s tax system next week, even as two Republican senators are holding back support -- for now -- over the size of a child tax credit.

As he departed the White House on Friday for a speech at the FBI academy, the president told reporters he has seen the details of the final version and is confident Republicans will get behind it.

The text of the final legislation to be released.Video
Rubio comes out against tax bill over child tax credit

“I have seen it,” he said. “I think it's going to do very, very well. I think that we are going to be in a position to pass something as early as next week, which will be monumental.”


The House and Senate have passed separate tax bills, but they have been working to blend them into a final $1.5 trillion GOP tax reform legislation. Republicans signed off on a version Friday, before likely final votes in both chambers in next week.

Rep. Kevin Brady, R-Texas, the chairman of the House Ways and Means Committee, told reporters Friday he expects the text of the bill to be posted at 5:30 p.m. EST on Friday when the House comes into session.

Two Republican senators, Florida Sen. Marco Rubio and Utah Sen. Mike Lee, have indicated they were holding back support for the final unless a larger child tax credit is included.

Rubio tweeted Friday he can “only support” the bill if the child tax credit is “increased.”