Why the Senate’s financial center bill is a joke
The Senate’s version of a massive new financial center is a laughing stock.
It is so unpopular that even Republican senators who supported it in committee are calling it a “fraud.”
And now it is dead.
The Senate is likely to vote to reject it, with only 52 votes, on Wednesday.
It does not even have a supermajority in the chamber.
So Republicans are in a pickle.
And they have to get creative.
The bill’s authors, Senate Majority Leader Mitch McConnell and Sen. Rand Paul (R-Ky.), have been working to try to win the support of Democrats.
They have made it clear that they will try to use procedural tricks to move the bill through the Senate if it does not get a super-majority vote.
They hope to force the Senate to vote on the bill, even if the Senate passes it.
They are going to try the same trick with the tax bill, according to one Republican senator who has been briefed on the plans.
“They are going get the votes they need,” said the senator, who spoke on the condition of anonymity because he was not authorized to discuss the matter publicly.
But this isn’t going to work.
The House passed its version of the Senate bill last week, but it does require a super majority in the Senate.
That would be more than enough for the Senate majority leader to move a vote on it, even though it has a narrow majority.
And, according the senator who spoke to the Times, he is worried that McConnell is trying to “game” the Senate rules to get around that super-majority requirement.
“I think he is trying desperately to avoid that,” the senator said.
“It is going to be a huge blow for the bill.”
The Senate Finance Committee has scheduled a hearing for next week to discuss whether the bill is good for the economy, and if it should be voted on in a lame duck session.
McConnell has made clear that he is going all out to win his bill’s passage, and he has tried to make it clear to Democrats that the Senate will vote on this bill even if it fails.
“The Senate is in a very difficult situation,” McConnell said in a speech last week.
“This bill, if passed, will create a massive tax burden on American families.
It will reduce the tax revenues of our government.”
So Republicans aren’t about to allow that to happen.
“We’re going to fight tooth and nail to make sure the Senate is able to pass the bill,” Sen. Mike Rounds (R.S.), the chairman of the Finance Committee, said last week during a Senate Finance hearing.
“If we cannot pass it, we’re going there.
And we’re not going anywhere.”
If the Senate does not vote on Wednesday, the House of Representatives will pass its version.
But the Senate Finance bill will still need to clear the House.
It’s unclear whether McConnell is going for that or the Senate version.
McConnell and his allies are trying to make the Senate feel as though they are winning the battle.
They plan to ask Democrats to support the Senate legislation even if they vote against it.
But Democrats aren’t going along with that plan.
“While the Senate remains focused on passing the tax reform that they have passed, the Senate must still take into account the economic impact of this legislation and its impact on middle class families and businesses,” Sen:Rand Paul said in his remarks last week on the Senate floor.
“That is why I am asking my colleagues in the Republican Conference to support my proposal to repeal and replace the Dodd-Frank Act with a single-payer health care system.”
The senator also reiterated that he will continue to fight to get the Senate health care bill passed.
“Every day that passes without an amendment to the Senate Banking and Financial Services Committee and the Finance Committees, it is my expectation that the bill will be vetoed,” he said.