Cornyn: Senate GOP tax plan to be released Thursday

Cornyn: Senate GOP tax plan to be released Thursday
© Keren Carrion

Sen. John CornynJohn CornynSenate moving ahead with border bill, despite Trump GOP senators introduce bill to prevent family separations at border Senate GOP tries to defuse Trump border crisis MORE (R-Texas) is predicting that Senate Republicans will unveil their tax-reform legislation on Thursday. 

Asked about the bill, Cornyn said the "mark" — or the version drafted by Senate Finance Committee Chairman Orrin HatchOrrin Grant HatchOn The Money — Sponsored by Prudential — Senators hammers Ross on Trump tariffs | EU levies tariffs on US goods | Senate rejects Trump plan to claw back spending Senators hammer Ross over Trump tariffs Top Finance Dem wants panel to investigate Trump Foundation MORE (R-Utah) — would be released Thursday. 

"Yep, well that's the last I heard," said Cornyn, the No. 2 Senate Republican, when asked if Thursday's release date was "for sure."

Spokespeople for Hatch didn't immediately respond to a request for comment on the timing of the bill. 

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Cornyn added that the Finance Committee would start its mark up next week and Republicans are still aiming to pass their tax plan before leaving town for Thanksgiving. 

The timeline, if Republicans stick to it, leaves senators with a tight schedule.

Lawmakers are currently scheduled to leave for the weeklong Thanksgiving break on Nov. 17, just over a week after they will unveil their tax plan. 

But Senate GOP leadership is threatening to keep the chamber in session for part of the break in order to pass the tax legislation. 

Republicans have a narrow path to clearing a bill through the Senate. With 52 seats, they can only afford to lose two GOP senators, if every Democrat votes no, and still let Vice President Mike PenceMichael (Mike) Richard PencePolitical figures pay tribute to Charles Krauthammer The media just can't stop lying about Trump Hollywood goes low when it takes on Trump MORE break a tie. 

The House unveiled its own tax plan last week, with the House Ways and Means Committee beginning consideration of the bill on Monday.

Republican senators are already laying down goalposts for their own legislation. 

Sen. Tom CottonThomas (Tom) Bryant CottonSenate moving ahead with border bill, despite Trump Hillicon Valley: New FTC chief eyes shake up of tech regulation | Lawmakers target Google, Huawei partnership | Microsoft employees voice anger over ICE contract Lawmakers urge Google to drop partnership with Chinese phone maker Huawei MORE (R-Ark.) is leading a push by conservatives to use the tax plan to repeal ObamaCare’s individual insurance mandate, despite leadership arguing a health-care fight shouldn’t be included in the tax plan. And Sens. Marco RubioMarco Antonio RubioPolitical figures pay tribute to Charles Krauthammer Senate moving ahead with border bill, despite Trump Hillicon Valley: New FTC chief eyes shake up of tech regulation | Lawmakers target Google, Huawei partnership | Microsoft employees voice anger over ICE contract MORE (R-Fla.) and Mike LeeMichael (Mike) Shumway LeeOvernight Energy: EPA declines to write new rule for toxic spills | Senate blocks move to stop Obama water rule | EPA bought 'tactical' pants and polos Senate blocks bid to stop Obama water rule GOP senators introduce bill to prevent family separations at border MORE (R-Utah) argue the $600 increase for the child tax credit in the House bill doesn’t go as far as they would like.

GOP senators, including Sens. Bob CorkerRobert (Bob) Phillips CorkerOn The Money — Sponsored by Prudential — Senators hammers Ross on Trump tariffs | EU levies tariffs on US goods | Senate rejects Trump plan to claw back spending Senators hammer Ross over Trump tariffs GOP senator demands details on 'damaging' tariffs MORE (Tenn.), John McCainJohn Sidney McCainDon’t disrespect McCain by torpedoing his clean National Defense Authorization Act Meghan McCain rips Trump's 'gross' line about her dad Trump's America fights back MORE (Ariz.) and Jeff FlakeJeffrey (Jeff) Lane FlakeMcSally takes hard line on immigration in Arizona primary Flake threatens to limit Trump court nominees: report Poll: McSally holds 14-point lead in Arizona GOP Senate primary MORE (Ariz.), are also signaling that they are concerned about the impact any tax deal would have on the deficit.