From Texas Standard.
The U.S. House passed its version of a tax bill on Nov. 16, and now the Senate is racing to pass its own version before the end of the year.
As the clock ticks down, what ultimately happens with this tax bill could shape the terms of engagement for the midterm elections in 2018.
A small group of GOP senators may not be on board with the plan yet. John Diamond, director of Rice University’s Center for Public Finance, says that at least one senator is concerned that the tax plan doesn’t help small businesses.