In Ames, King touts tax bill passage
King, who represents
Standing in front of an audience of 35 people at the chamber of commerce, King said the House's passage made him feel "lifted up and buoyant."
For the immediate future, though, the fate of tax reform lies in the hands of the
Even though
"They just know they have to," King said. "They have to find a way to get this done."
He estimated there's a "75 percent or better probability" the
But he was still optimistic, saying that all 52 Republican votes would be "in play." He said he didn't think an impasse would arise over one single issue, whether it's the Obamacare individual mandate or concerns the tax bill could add millions to the federal deficit.
"I think it's a matter of two or three or five or six people getting what they want or compromising on what they want, and I think the
The
Part of King's visit on Monday was also spent selling those in attendance on the bill. He was most excited about the potential corporate tax relief, saying that with less of a tax burden, some companies might elect to stay in
Along with larger businesses, the rich will benefit from the bill in its present form, too. The estate tax, which is applied when assets more than
The
Asking King a question about the cumulative effect of Congressional actions on vulnerable populations,
King said the bill writers decided to offer a higher standard deduction to be able to eliminate several of the individuals deductions, like the one for medical expenses. He said he tried to add amendments to the bill, but they were rejected. But in the end, he said, he wanted to "see the economy grow." If everything works out and more people are paying taxes, then
Passing tax reform would constitute a major victory for a Republican-controlled
If
"If those two things get done, I think there's momentum for the
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