Medicaid Still Sticking Point in Tax Bill Talks: GOP Congressman Andrew Clyde

Rep. Andrew Clyde (R) Georgia discusses why he changed his vote from "no" to "present," highlighting negotiations that took place over the weekend. He also talks about needing the tax bill to be fiscally responsible, the changes he wants to Medicaid, and his view on Moody's downgrade. Representative Clyde speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power."

President Donald Trump plans to go to the Capitol on Tuesday to urge fractious House Republicans to overcome divisions and unite behind his signature tax-cut legislation.

Despite broad agreement among Republicans on the levy reductions at the core of the package, lawmakers have been mired in conflict over how deeply to cut safety-net programs, such as Medicaid and food stamps, how quickly to end green energy credits and how high to increase a limit on deductions for state and local taxes.

Party leaders have been frantically negotiating with groups of lawmakers as House Speaker Mike Johnson strives to meet a self-imposed deadline of passing the package through the House before Congress goes on break for Memorial Day at the end of this week.

Republican leaders faced an embarrassing setback when a key committee initially rejected the legislation on Friday as hardliners sought deeper cuts, but were able win the panel’s approval two days later after making concessions to the fiscal conservatives.

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