That includes Sen. Bob Corker, the only Republican to vote against the Senate's initial tax bill, who said in a statement at the end of last week that he would back the new, compromise version, despite his earlier concerns about projections that the legislation would add almost $1.5 trillion to the deficit over a decade.
The House revote will occur on Wednesday.
Republicans, eager to score a major legislative win, have pushed their tax overhaul through Congress at breakneck pace.
If the Senate clears the bill, as it's expected to do, it will then head over to President Donald Trump's office to be signed into law.
The U.S. House of Representatives approved the final version of a GOP-backed tax plan Tuesday that would overhaul the nation's tax laws for the first time in decades.
A Senate vote later in the day on Tuesday is expected to seal the deal.
"The tax bill will help make American businesses of all sizes more competitive, add more jobs, and increase wages", Tim Pawlenty, CEO of the Financial Services Roundtable, said in a press release. And the effects of the tax cuts will change dramatically after 2025 when individual income tax cuts are scheduled to expire, reported the WSJ. The "mudfest" on television makes it unpopular, he said, but when people see the tax plan's results, it will gain public support.
But three pieces of the bill, the Tax Cuts and Jobs Act (TCJA), were ruled to violate the Senate's Byrd rule and must be removed from the bill before it can be voted on in the upper chamber.
The bill lowers the corporate tax rate from 35% to 21%, a reduction hailed by the financial services industry. But it also needs to abide by Senate rules that allow the measure to pass with only 51 votes (hence numerous changes being only temporary). The $1,000 per child tax deduction would grow to $2,000, with up to $1,400 available in IRS refunds for families who owe little or no taxes.
In June, the NBC/WSJ poll showed that Americans preferred Republicans over Democrats in handling the tax issue by 4 percentage points.
Vice-President Mike Pence took the precaution of rescheduling a trip to Egypt and Israel for January so he would be on hand this week in case his tie-breaking voting power is needed to ensure Senate passage of the bill. "This is a tax bill written for massive corporations and wealthy Republican campaign contributors, not for the average American".
Rep. John Faso, an upstate New York Republican who voted against the bill Tuesday, said in a Monday statement that the change in the SALT deduction "will accelerate the trend of hardworking individuals and businesses already leaving our state - further eroding New York's tax base". And Sen. Thad Cochran has also been dealing with illness, potentially leaving Republicans with just 50 votes and no margin for error.