I thought tax bills had to originate in the house. This is theater.
Professional wrestling. Kayfabe.
I am *extremely* skeptical that it will actually happen. More likely Trump will concede this, which is something that he didn't really want. In return for ... what? Let's see.
Over the long term, residents of the high tax states are ****ed no matter what the tax bill does.
They do, via the US Constitution.
All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.
Article I, Section 7, Clause 1
But they are ignoring the Constitution using arcane rules of Congress. They are using "reconciliation" and other tricks that will allow the Senate bill to prevail. Even Chuck Schumer agrees.