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Senators Hatch, Brown Trade Barbs in Tax Debate

(17 Nov 2017) Republicans and Democrats traded barbs as the Senate Finance committee hearing late Thursday night debated the tax bill overhaul. The Senate tax bill was approved late Thursday by the Finance Committee and sent to the full Senate on a party-line 14-12 vote, after four days of often fierce partisan debate. It turned angrily personal for Chairman Sen. Orrin Hatch, R-Utah, as he railed against Democrats' accusations that the legislation was crafted to favor big corporations and the wealthy. "I come from the poor people. And I've been working my whole stinking career for people who don't have a chance," Hatch insisted. With at least six Republican senators yet to declare support, the bill's fate is far from certain in a chamber the GOP controls by just 52-48. The House plan and the Senate Finance bill would deliver the bulk of their tax reductions to businesses. Each would cut the 35 percent corporate tax rate to 20 percent, while reducing personal rates for many taxpayers and erasing or shrinking deductions. Projected federal deficits would grow by $1.5 trillion over 10 years. Democrats said the tax measure would give outsized benefits to the wealthy and saddle millions of moderate-income Americans with tax increases. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...