Transcript for 'I want to see changes' to Senate tax bill, Sen. Susan Collins says
Want to continue with Republican senator Susan Collins of Maine. You heard our panel there. Weigh in, please. Do you think this is a moment where we're going to see real change? I do. But I thought that there was one aspect that hasn't been discussed. And that is that the women who bring fourth these allegations are often trashed. They're attacked. Their credibility is undermined. We saw that with some of president Clinton's accusers. We know the elaborate attempts that Harvey Weinstein went to in order to discredit his accusers. And that has to stop, as well. And we see, we saw just recently, we're Sieg it right now. You mentioned president Clinton. It happened then. We see Roy Moore calling his accusers liar. President trump, more than a dozen women came forward in the campaign, he says every single one of them are lying. He did say that. And, president trump was not my choice for the Republican nominee for president. And, I did not support him in part because of the way that all of these reports about how he was treating women. He is president now. And, I am working with him. On some issues. But those allegations remain very disturbing. Can you work with Roy Moore? If he gets elected? Should he be investigated? Will you vote to expel? Well, first of all, my hope is that we won't get to that point. And that the voters of Alabama will not I electroroy Moore. I read his denials. I listened to his radio interview. And I did not find him to be credible. As more and more allegations come forward, that adds to the weight of evidence against him. I believe, based on my reading of the constitution, that if he is elected, that we have no choice but to seat him. Then, however, the ethics committee could have an investigation. And since I essentially would be$% a juror, if that happens, I'm not going to comment on what could happen as a result of that investigation. But, I hope that the good voters of Alabama decide not to send him to the United States senate. Senator Al Franken is going to be subject to an ethics investigation. You can't comment on that either? Well, first, let me say that I believe the allegations and Al Franken has essentially admitted to them. I'm talking about what the outcome would be if the ethics committee proceeds with an investigation. Which I believe they're going to do so. But I did find the allegations against him to be both credible, disgusting, and appalling. And degrading to women. Let's move on to the tax bill. Passed the senate finance committee. You're already facing ads back in your home state by a group called not one penny. Let's take a look. It's hard enough for me E me -- mainers to find our way. The trump tax plan would leave us lost in the wilderness in. Thankfully, senator Susan Collins told us she would say no the tax breaks for the wealthiest. Can you vote for the bill that passed the senate finance committee? I want to see changes in that bill. And I think there will be changes. There are some provisions of the house bill that I like better. For example, the house retains the top rate of 39.6%. For people who make $1 million or more a year. That's a change that I would like to see be made in the senate bill. So, that we can skew more of the relief to middle income tax pa taxpayers. The child tax credit and making it refundable for people of low income. There's a doubling of the standard deduction. Which means that family making $24,000 would not pay any income tax. So, there are provisions of both bills that I like. But I think the bill needs work. You can't vote for it as written? I haven't reached that conclusion yet, because I think there are going to be further changes. But the biggest mistake was putting in a pro vision from the affordable care act into the senate bill that is not in the house bill. And I hope that will be dropped or, that bills have been introduced by senator Alexander and Murray and bill Nelson and myself will be atonighted to mitigate the impact. That was put in at the insistence of the president. He was tweeting about it last week. He seems to think it's the best way to save money and get some of the partial repeal of Obamacare. If it stays in the build, are you against the bill? The it's a problem for me if it is not mitigated. But there is a way to mitigate the impact that it would have on insurance premiums. I do want to point out, that that provision, all it says is that a person who chooses not to get insurance cannot be fined for that decision. That's very different from what we were faced with this past summer and fall when insurance was being taken away from people who wanted to be insured. The fact is that those fines are paid by overwhelmingly by people who make less than $50,000 a year. 80%. Of the people who pay the fines fall in that category. I'm worried about the impact on premiums. We're going to need to pass legislation. I would like to see that done before we go to the tax bill. Unlikely the Democrats will support doing that before the tax bill. One other feature of the senate backs bill is that the corporate tax cuts are permanent. But the individual tax cuts are temporary. Again, that's not a provision that I like. The house made both of them permanent. Think that is a far better way to go. I also think the reduction in the business tax rate is too steep. And that we could go to 22%. And then use that money, which is about $200 billion, to restore the tax deduction for state and local property taxes. That would really help middle income taxpayers. Sounds like you still have a lot of questions about the bill. Other feature pointed out is that if this bill passes, there will be at least $25 billion in medicare cuts next year. I have talked to my colleagues about that. Because that's obviously something that I cannot support. I do believe that's going to be dealt with as part of the budget negotiations that are ongoing right now. There are ways to reform our entitlement programs. That is shot to one of them. The whole idea of across-the-booed cuts or se quest ration, is not something I can support. Throng you today, looks like that bill will have to change an awful lot before it can get your support. Thank you for joining us this morning. Thank you, George.
This transcript has been automatically generated and may not be 100% accurate.