Treasury Secretary Steven Mnuchin defends Trump’s tax plan

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Today’s Hill Action
Senate Floor Schedule
4:00pm: Convene and proceed to executive session to resume consideration of the nomination of Derek Kan to be Under Secretary of Transportation for Policy.

Committee Hearings
Finance
3:00pm – SH-216

House Floor Schedule
12:00pm: House will meet for morning hour.
2:00pm: House will meet for legislative business.
Votes will be postponed until 6:30pm.

Committee Hearings
Rules
5:00pm – H-313 Capitol

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House sets vote on tax overhaul

The House will vote on its version of the Republican tax reform bill in the coming week, as leaders race to get legislation to President Trump’s desk by Thanksgiving.

“Millions of families are counting on us. Millions of small business owners are counting on us,” House Majority Leader Kevin McCarthy (R-Calif.) said of the bill on Thursday. “The House will vote on this bill next week to deliver a win for the American people.

The bill, which was approved along party lines in the House Ways and Means Committee on Thursday, is the centerpiece of the Republican legislative agenda.

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House will not accept repeal of state, local tax deduction

House Ways and Means Committee Chairman Kevin Brady said Sunday that his colleagues would not accept Senate Republicans’ plan to eliminate a federal deduction for state and local taxes as part of an effort to overhaul the tax code.

The Texas Republican said on “Fox News Sunday” that the House would not agree to the proposal even if the Senate passed it.

“I’m convinced that this is where we’re going to end up,” Brady said.

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Record ObamaCare sign-up drive enters third week

ObamaCare is entering its third week of open enrollment and supporters are watching to see if the fast pace of sign ups will continue.

About 600,000 people signed up for ObamaCare plans in the first four days of enrollment, the Trump administration announced Thursday. About twice as many people signed up on the first day, Nov. 1, this year compared to last year.

That’s an average of 150,000 sign-ups per day for the first four days this year, compared to about 84,000 per day for the first 12 days last year. There is no data for the first four days of last year.

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