Senate Republicans inching closer to revamping tax code

WASHINGTON, D.C. (CBS) – Senate Republicans are inching closer to revamping the federal tax code. The development comes amid a growing feud between President Trump and top Democrats over how best to avert a government shutdown.

Courtesy: CBS News

President Trump sat between two empty chairs reserved for Nancy Pelosi and Chuck Schumer, both no shows at a planned White House meeting.

"They've been all talk and they've been no action and now it's even worse. It's not even talk," said President Trump.

The top Democrats were scheduled to discuss government funding, which is set to run out next week.

Talks fell apart after the President issued a tweet Tuesday calling them 'weak on crime' saying,"I don't see a deal."

"Mr. President, it's time to stop tweeting and start leading. There are serious questions that must be answered and many things that must be done," said Senate Minority Leader Chuck Schumer.

The showdown between the President and Democrats came as Senate Republicans cleared a key hurdle in their quest to overhaul the nation's tax code.

Earlier, the Senate budget committee voted along party lines to advance the GOP tax plan to the Senate floor.

"I think it's going to pass and it's going to be very popular," said President Trump.

President Trump came to Capitol Hill to help rally skeptical members of his party...including Wisconsin Senator Ron Johnson.

Johnson thinks the tax cuts favor corporations at the expense of small business.

"I'm still working with the White House and the Senate leadership to make sure we fix this problem," said Senator Ron Johnson.

The President travels to Missouri Wednesday to push tax reform.

Republicans are aiming to bring their bill to the Senate floor for a vote this week.

The GOP tax bill is already projected to add $1.4 trillion to the deficit over 10 years. Republicans can only afford to lose two votes for it to pass.