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Cornyn: Senate GOP tax plan to be released Thursday

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

Sen. John CornynJohn CornynThe Hill's Campaign Report: Obama to hit the campaign trail l Biden's eye-popping cash advantage l New battleground polls favor Biden Quinnipiac poll finds Biden, Trump tied in Texas Biden endorses Texas Democratic House candidate Julie Oliver 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 HatchMellman: What happened after Ginsburg? Bottom line Bottom line 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 PenceScott Atlas: Fauci 'just one person on the task force' Meadows criticizes veteran journalist Lesley Stahl as an 'opinion journalist' Trump plays video of Biden, Harris talking about fracking at Pennsylvania rally 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 CottonTom Bryant CottonCotton mocks NY Times over claim of nonpartisanship, promises to submit op-eds as test Barrett fight puts focus on abortion in 2020 election COVID outbreak threatens GOP's Supreme Court plans 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 RubioBipartisan group of senators call on Trump to sanction Russia over Navalny poisoning Trump's new interest in water resources — why now? Senate Intel leadership urges American vigilance amid foreign election interference MORE (R-Fla.) and Mike LeeMichael (Mike) Shumway LeeEnd the American military presence in Somalia Ted Cruz won't wear mask to speak to reporters at Capitol Michigan Republican isolating after positive coronavirus test 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 CorkerCornyn: Relationships with Trump like 'women who get married and think they're going to change their spouse' Trump excoriates Sasse over leaked audio Has Congress captured Russia policy? MORE (Tenn.), John McCainJohn Sidney McCainMore than 300 military family members endorse Biden Jennifer Lawrence says until Trump she was 'a little Republican' Senate is leaning to the Democrats, big time, with a wave MORE (Ariz.) and Jeff FlakeJeffrey (Jeff) Lane FlakeOne of life's great mysteries: Why would any conservative vote for Biden? Trump excoriates Sasse over leaked audio Biden holds 8-point lead over Trump in Arizona: poll MORE (Ariz.), are also signaling that they are concerned about the impact any tax deal would have on the deficit.