Tags: kevin mccarthy | house | session | vote | conference

McCarthy: House Returning to Session to Vote on Conference

(Fox Business)

By    |   Friday, 01 December 2017 02:58 PM

The House of Representatives will return to session on Monday to vote to go to conference if the Senate votes, as expected, House Majority Leader Kevin McCarthy said Friday, returning one day earlier than expected to get the bills' discussions underway.

"We were supposed to come in next week Tuesday through Friday, but we're going to come back in on Monday because we believe the Senate will get the job done today," the California Republican told Fox Business' Maria Bartiromo. "We will get both bills inside conference, together work out our differences and get this done before the end of the year."

Earlier in the day, there were still a few holdouts on the bill, but by the afternoon, Senate Majority Leader Mitch McConnell announced that there are now enough votes to pass the Senate's version.

"We will take the Senate version, however it ends up at the end of the day; we'll take the House version of what we passed in this bill, we will put members from both Houses in the Senate in a conference and work out the differences," said McCarthy. After that, another vote will be taken in both chambers, and then sent to President Donald Trump for a signature.

McCarthy said he expects Trump's call for a 20 percent corporate tax rate will remain permanent, because any change to that does not make sense.

"We want to get this country moving again, and what the studies have said, if we lower the corporate rate to 20 percent, that brings $4,000 more dollars into households," he said.

Meanwhile, agreement has been reached on what to do about pass-through entities, but McCarthy said he does believe the House version of the bill is better in that aspect.

"If you look at what it's able to provide for small business, and I created my first small business when I was 20, that is what creates more jobs in this country than anything else," McCarthy said.

McCarthy said he also expects that the Senate's call to repeal the individual Obamacare mandate also could remain in the final bill, even though the House bill did not include that.

"If it comes into conference it could stay in as we move forward because you'll look at whatever differences there are," he said. "We'll have the conference work together and that adds a great amount of money in savings."

Last year, he added, 19 million people chose to pay the penalty or use a waiver rather than accept Obamacare, showing that the exemption is a "tax upon individuals."

Further, he said, if lawmakers are looking at tax cuts, stopping the mandate means ending a tax that hits America's lower-income citizens.

McCarthy added that if the tax reform bill, for some reason, doesn't pass, then lawmakers are missing a big chance.

"Look around the world," he said. "It shows America's again taking up big ideas and moving the world in a pattern of what we want to see and having the next opportunity for the future generations."

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The House of Representatives will return to session on Monday to vote to go to conference if the Senate votes, as expected, House Majority Leader Kevin McCarthy said Friday, returning one day earlier than expected to get the bills' discussions underway.
kevin mccarthy, house, session, vote, conference
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2017-58-01
Friday, 01 December 2017 02:58 PM
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