As Senate and House leaders negotiate a final package, House leaders are considering keeping a version of the deductions in order to get the state's Republican members on board for a final vote.
Senate Majority Leader Mitch McConnell, R-Ky., announced, as expected, that the Senate would vote to begin debate on the measure Wednesday afternoon. That set up the possibility that its deep tax cuts might have to be moderated, that future tax increases might be built in, and that some conservatives might seek to attach spending cuts, all approaches that could throw up new political problems.
"The consensus was that we shouldn't be raising taxes, and the Republican conference coalesced behind that position", he told reporters at the Capitol Friday. "I think it would still be historic tax relief for corporations and for middle-income families".
Senate GOP Whip John Cornyn told reporters that the leadership is feeling pretty good about the tax bill's prospects.
Democrats, expected to unanimously oppose the tax bill, have dismissed it as a giveaway to the wealthy and corporations. But it's possible the bill could pass without the support of Sens.
But the Senate parliamentarian barred Corker's "trigger" proposal on procedural grounds.
A key House Republican said that any stopgap spending to avert a government shutdown December 8 should keep the government open into January instead of rushing work on an omnibus spending bill in hopes of beating a Christmas deadline.
In a dramatic turn, Democrats forced a vote on whether to return the measure to the Senate Finance Committee so it could be rewritten to ensure smaller deficits. John McCain, R-Ariz., and Lisa Murkowski, R-Alaska. "It's been pretty hard to make them happy so far". "We're going to walk without the net at this point".
"All we are doing is shifting the tax to our kids", Maine Senator Angus King, another independent who also caucuses with Democrats, said.
By that time, Trump might no longer be in office and a future Congress might change the law.
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The House bill, meanwhile, would tax the value of tuition waivers for graduate students employed as teaching and research assistants, dramatically hiking taxes on a modestly compensated workforce. "It's just a matter of once again trying to make the bill work".
They include some wanting bigger tax breaks for many businesses but others cringing over the $1.4 trillion - or more - that the measure is projected to add to budget deficits over the next decade.
The Senate returned to consider the tax bill at 10 a.m. on Friday. Right now the bill would permanently cut the corporate tax to 20 percent but delay the rate reduction by one year, so it would take effect in 2019.
Rep. Nancy Pelosi (D-Calif.) said the new JCT estimate showed "no amount of dynamic scoring fairy dust will fix the catastrophic deficits of the GOPtax scam".
The bill would increase economic growth, generating an additional $458 billion in tax revenue, according to the analysis. It also looks like Collins will get changes to the bill allowing for individuals to deduct up to $10,000 of their state and local property taxes.
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Trump wants to enact tax cuts before January.
If the legislation passes the Senate, it still must be reconciled with the recently passed House version. GOP leaders' main concern was winning over the hawks anxious about adding more red ink to the mounting $20 trillion deficit. Bob Corker (R-Tenn.) had secured in the bill. Both senators are not seeking re-election. Bob Corker (R-TN), lawmakers confirmed Friday that no changes have been made to address their concerns. That embarrassing debacle damaged McConnell's reputation and infuriated Trump.
In an early morning Friday tweet, Trump wrote: "This is a once in a generation chance".
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Two of those were related to Qualcomm's Snapdragon 800 and 820 processors, which powered Samsung phones and Google Pixel phones. This is of course a countersuit, dating back to a lawsuit Qualcomm filed against Apple on exactly the same grounds.