Senate GOP begins debating tax reform

Posted: Updated:
WASHINGTON -

After passing the committee, the Senate is now considering the new tax reform plan and a vote could possibly come before the end of the week.

President Donald Trump says the plan will benefit middle class families, who he calls the “backbone of America.”

Senate leadership believes the bill has enough votes to pass the bill. However, if three Republican senators vote ‘no,’ the bill will fail.

The result will be in part because every Democrat opposes the plan, and they say it will not help the middle class.

Rep. Tim Ryan (D-Ohio) says, "He told people in places like Ohio that he was going to look out for them and their interests. Here we have a bill that's going to raise taxes on middle class people."

In addition, some members of the GOP are also on the fence.

Sen. John McCain (R-Arizona) says, "I haven't decided yet. We would love to have a bipartisan bill, but that's really up to them."

As for the main issue that will affect Long Islanders, the plan would allow state and local taxes to be used as a deduction on income tax returns.

However, the Senate version includes a provision also included House plan. The provision caps the deduction at $10,000.

Officials say while it is still hurtful to high-tax states like New York, it is better than the original plan which eliminated the deduction entirely.

Meanwhile, there were dozens of protests by college students in 30 states. The students are worried about changes that affect student loans and graduate programs.

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