Freedom Caucus Criticizes Senate's Tax Bill

Introduction

The Freedom Caucus, a group of conservative House Republicans, has launched a scathing attack on the Senate's "megabill" which aims to overhaul the nation's tax system. This three-page dissection was circulated on Wednesday as GOP leaders sought the hard-liners' support for the bill.

Background

The Senate's version of the tax bill has come under intense scrutiny, with concerns over its potential impact on the national debt. Similar to the House-passed version, the Senate's bill is expected to add trillions of dollars to the country's debt, according to projections released by the Congressional Budget Office (CBO).

Current Scenario

Despite the controversial "current policy baseline" accounting tactic, which has been used to calculate the bill's impact, Senate Republicans are pushing for a vote on the megabill as early as Monday. This comes after President Trump's call for the bill to be passed before July 4, a deadline that has faced numerous hurdles and snags along the way.

The Republicans, who control the House of Representatives, are also hoping to nudge the Trump administration's agenda towards passage, despite divisions within the party. With the bill's passage in the Senate being the last hurdle before it reaches the President's desk, the Freedom Caucus' attack on the bill is a significant development.

Conclusion

The tax bill, which aims to overhaul the country's tax system, has faced numerous challenges and hurdles along the way. While Senate Republicans are pushing for a vote, the Freedom Caucus' dissection of the megabill highlights the deep divisions within the party. As the vote-a-rama, or the final vote on the bill, is underway, the fate of the megabill and the nation's tax system remains uncertain.