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US Senate Tag

Former Massachusetts governor and twice failed GOP candidate for president Mitt Romney is reportedly quite seriously contemplating a Senate run in Utah.  While the senior senator from Utah Orrin Hatch (R) has not announced any plans to retire, it appears that the Utah GOP is ready for Romney. Romney is no stranger to Senate campaigns; he ran against Ted Kennedy (D-MA) in 1994 and lost.  Utah, however, may be just the ticket for Romney who has high approval numbers there and is a favorite among the Utah GOP.

Musician Kid Rock confirmed on Howard Stern's show that he is not running for the senate. The whole idea was a publicity stunt for his new album, but doesn't really regret it. From Detroit Free Press:
"F--- no, I’m not running for Senate. Are you kidding me?" Rock said on Howard Stern's SiriusXM show. "Who couldn’t figure that out? I’m releasing a new album. I’m going on tour too. Are you f---ing sh--ing me?"

Last month, I blogged how Congress floated around making changes to 401(k) retirement plans in order to make up for lost "revenue" due to tax cuts. That change was taxing the earnings before a person places money into the fund. Another idea has come up and it's even worse. Now they are thinking about changing the pre-tax limit to $2,400 instead of $18,000. That's an 87% change and could force people to put even less into their retirement. It also adds fuel to Sen. Rand Paul's (R-KY) opposition to the Senate budget bill that passed, which allows a clearer path to tax reform, but didn't cut spending enough. Common sense tells us that he is correct.

The Senate passed a 2018 budget on Thursday night, 51-49, with Sen. Rand Paul (R-KY) being the only Republican who voted no. The biggest part of the budget, though, is that it provides a shortcut to tax reform using reconciliation instructions to protects a tax bill that adds up to $1.5 trillion to the deficit from a filibuster. The GOP Congress has failed to repeal Obamacare and they view tax reform as one way to save their butts. President Donald Trump has said he wants to sign something by the end of the year.

The GOP only has a two seat majority in the Senate, which has shown to be as fragile as everyone thinks after a handful of senators voted no on Obamacare "repeal" bills. The same trouble seems to be brewing when it comes to tax reform. Now that majority may shrink even more since a Fox News poll, yes FOX NEWS, shows that GOP candidate Roy Moore is tied with Democrat candidate Doug Jones at 42% for the Alabama senate seat.

The Washington Examiner has reported that Rep. Marsha Blackburn (R-TN) has begun preparing to run for Sen. Bob Corker's (R-TN) seat next year. Corker announced he would not run for reelection in 2018, making Blackburn the most liekly successor with conservative groups rallying behind her.

Last week, President Donald Trump's administration and the GOP in Congress released a framework for possible tax reform. The details are vague, noting that more will happen once tax reform switches to committees. However, two GOP senators have already voiced doubt over the framework: Kentucky Republican Rand Paul and Tennessee Republican Bob Corker, who recently announced he will not seek reelection next year.

The Democrats have decided to use the GOP's attempts to repeal Obamacare to their advantage in 2018. From The Hill:
“I think the message is really simple here: As long as Republicans control Congress, your health care is on the chopping block,” said Tyler Law, a spokesman for the Democratic Congressional Campaign Committee (DCCC), House Democrats’ campaign arm.
One problem: The GOP has shown that despite having control of Congress, they have not been able to repeal Obamacare.

Senate Republicans released its 2018 budget, which includes terms to allow the lawmakers to push through tax reform through budget reconciliation. This would protect them from a Democratic Filibuster. The plan gives tax writers until November 13 to submit tax reform plans.

The GOP received two shocks on Tuesday when Sen. Bob Corker (R-TN) decided not to run for re-election in 2018 and Judge Roy Moore defeated incumbent Sen. Luther Strange (R-AL) in the Republican primary. But how YUGE is Corker's retirement? Probably not much in the long run. Plus, it looks like the GOP could actually pick up more seats in 2018 since 10 Democrats up for reelection come from states that President Donald Trump won in November.

Welp, Sens. Bill Cassidy (R-LA) and Lindsey Graham (R-SC) tried to change their Obamacare "repeal and replace" bill to appease those senators that opposed it...but it did not work. Sen. Susan Collins (R-ME) has come out and officially declared she would vote no on both versions of the bill.

Sens. Billy Cassidy (R-LA) and Lindsey Graham (R-SC) hope to pass their Obamacare "repeal and replace" bill by the end of the month, but have encountered opposition from a few in their own party. Sens. John McCain (AZ) and Rand Paul (KY) have already said no while Sens. Susan Collins (ME) and Lisa Murkowski (AK) remain on the fence. Even Sen. Ted Cruz (R-TX) has said "that he's not yet on board with the legislation." This has led to a few changes to the bill, which includes boosts for Arizona, Alaska, Kentucky, and Maine as a way to entice these senators to vote yes.

Sen. John McCain (R-AZ) officially decided he will vote no on the Graham-Cassidy bill, which is the latest attempt the GOP has taken to repeal and replace Obamacare. From CNN:
"I cannot in good conscience vote for the Graham-Cassidy proposal," the Arizona Republican said in a statement. "I believe we could do better working together, Republicans and Democrats, and have not yet really tried. Nor could I support it without knowing how much it will cost, how it will effect insurance premiums, and how many people will be helped or hurt by it. Without a full CBO score, which won't be available by the end of the month, we won't have reliable answers to any of those questions."

Sens. Pat Toomey (R-PA) and Bob Corker (R-TN), two members with opposing views on fiscal policy, have announced "a path forward on tax reform" that "would allow for a tax reduction, as scored on a statistic basis, over a 10-year period." They hope to Senate Budget Committee will vote on said plan next week. The senators did not release any details about the plan, but new outlets have stated it will allow tax reductions up to $1.5 trillion. The Wall Street Journal reported that the "agreement would allow Republicans to lower tax rates while making fewer tough decisions on what tax breaks to eliminate to help pay for the cuts."

Sen. Bill Cassidy (R-LA) announced today that he is very close to have the votes needed to repeal Obamacare with the bill he coauthored with Sen. Lindsey Graham (R-SC). From The Washington Times:
“We are thinking that we can get this done by Sept. 30,” Sen. Bill Cassidy, Louisiana Republican who co-wrote the bill with Sen. Lindsey Graham of South Carolina, said Friday.

The U.S. Senate has voted to table Sen. Rand Paul's (R-KY) amendment to repeal the 2001 and 2002 war authorizations that have allowed the U.S. military "to fight terrorism across the globe" in everlasting wars. Paul wanted Congress to "reassert its authority to declare war from the Executive Branch." Paul and others, including Democrats, have said that "the Senate is ceding its constitutional war powers" with these amendments.