Cramer worries the GOP tax bill will 'fall apart' like the Obamacare repeal

  • CNBC's Jim Cramer questioned whether Republicans would be able to pass a tax bill this year.
  • "We should not rule out the fact that this may not be a done deal," Cramer says. "Do you think it just suddenly falls apart?"

CNBC's Jim Cramer questioned Friday whether Republicans would be able to pass their tax overhaul bill this year — or if concerns from within the party about the legislation would cause them to fall short, like in their attempt to repeal Obamacare.

Cramer spoke just hours before GOP leaders on Capitol Hill were expected to finalize their compromise tax measure. But there were still some holdout and undecided lawmakers ahead of next week's planned vote.

Tax writers on Friday afternoon, according to sources, made tweaks to the child tax credit that turned Republican Sen. Marco Rubio's opposition into support. On Thursday, he had said he would vote "no," unless the proposed refundability to taxpayers of the child credit was expanded. There's been no word yet from Sen. Mike Lee, R-Utah, who was undecided on the bill due to the child credit.

Meanwhile, Maine Republican Sen. Susan Collins has been noncommittal on the bill, while Sen. Bob Corker, R-Tenn., has expressed concerns about expanding the federal deficit.

"We should not rule out the fact that this may not be a done deal," Cramer said on "Squawk on the Street."

Cramer also asked whether it "could be an ACA," referring to the acronym for the formal name of Obamacare, the Affordable Care Act. Earlier this year, Republicans were unable to follow through on their yearslong promise to repeal former President Barack Obama's signature health bill.

"Do you think it just suddenly falls apart?" Cramer asked. "Most people felt that ACA was going to pass."

Sign Up for Our Newsletter Morning Squawk

CNBC's before the bell news roundup
Get this delivered to your inbox, and more info about about our products and services.
By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.