Senate Finance might mark up bill on Bush tax cuts

The Finance Committee is holding an informal meeting on Thursday afternoon to talk about that subject, among others, said Sen. Jon Kyl (R-Ariz.), who is a member of the committee.

Committee member Tom CarperThomas (Tom) Richard CarperOvernight Energy: Inhofe defends Pruitt after criticisms | Agency releases study on water contaminant | Trump rescinds Obama ocean policy Dems press EPA nominees on ethics, climate Overnight Energy: Senate panel sets Pruitt hearing | Colorado joins California with tougher emissions rules | Court sides with Trump on coal leasing program MORE (D-Del.) said the issue was raised at a meeting Tuesday morning.

“We had some discussion in the Democratic Caucus today,” he said. “We’re going to meet with Republican colleagues Thursday and talk about, ‘is that feasible?’”

Senate Finance Republicans last week urged Committee Chairman Max BaucusMax Sieben BaucusClients’ Cohen ties become PR liability Green Party puts Dem seat at risk in Montana Business groups worried about Trump's China tariffs plan MORE (D-Mont.) to mark up legislation on the Bush tax cuts to strengthen consumer confidence in the economy.

The idea gained momentum Monday after a Baucus staffer agreed with Republican counterparts that a markup should occur before lawmakers adjourn for the summer break, several sources told The Hill.

However, hosting a markup on the bill could have political consequences for Democrats facing tough elections. Some believe the meeting will become a venue for Republicans to slam Democrats for raising taxes on the wealthy, which they contend will also hit small businesses.