But senators are openly questioning whether a broad health care bill can come out of the upper chamber this year.
President Donald Trump is meeting congressional leaders on Tuesday to push for efforts to overhaul the US healthcare and tax systems, as investigations into Russian meddling in the 2016 election campaign weigh on his administration.
According to legislative staff estimates, tax cuts proposed by the House would reduce revenue by $122 million in the fiscal year beginning in July and $234 million in the following fiscal year.
"We're running out of time in terms of stabilizing the markets.you really need to fish or cut bait here on something short term to stabilize the markets", he said. "But if we don't pass something and we go into '18, you know, it's on us to try to get this fixed".
McCaskill first asked Hatch if there was going to be a hearing in the Finance Committee on the bill, given that it could affect trillions of dollars in healthcare spending.
"'Cause this is not like fine wine, it doesn't get better with age", he added with a laugh.
Trump over the course of his roughly five months in office has expressed frustration with Congress - particularly over Ryan's original and unsuccessful attempt to pass an ObamaCare overhaul bill and more recently over the Senate's "antiquated" and painstakingly slow process. But lawmakers emerging from the room were tight-lipped about what exactly is on the table. Republican Senate President John Alario said the proposal is "too low".More news: Gingrich says presidents can't obstruct justice - but accused Bill
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"What the big print giveth the small print taketh away".
"I'm not going to go into details".
Sen. Lindsay Graham is among a host of GOP lawmakers who say efforts to pass a new health care bill by the end of this year are in trouble. Already, I've heard one father say he may need to move to another state if the Republicans have their way and his child is no longer able to get the care he needs.
Lawmakers remain split over what to do about Medicaid. The funding level would increase annually based on the medical inflation rate in the Consumer Price Index, which grows more quickly than the standard inflation rate.
He said that from the late 1990s until about a decade ago, Tennessee's TennCare program, the state's version of Medicaid, was a walking illustration of an unsustainable program.
Burr, chairman of the Senate Intelligence Committee, said that the House-passed American Health Care Act (AHCA) is "dead on arrival" in the Senate because he said, "It's not a good plan".
In a setback for Republicans, veteran Sen.
Mr. Graham reportedly told media outlets at the Capitol that Sen. "Alaska is an extreme outlier and part of it is just our geography, it's our low-density population so if there is not some kind of geographic cost adjustor it makes it tough for me". With only so many hours to work each week, the controversies have forced Republicans to spend time responding to Trump stories and protecting the party, leaving them largely unable to move legislation through a contentious Congress.
The differing ideas reflect not only contrasts in policy but sensitivities to opposite ends of the political spectrum, with some concerned about an electoral backlash from centrist or left-leaning voters who oppose major changes to Obamacare and others anxious a less aggressive assault on the ACA will leave right-leaning opponents of the law dispirited.