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National Republican Senatorial Committee chair Cory Gardner said Moore "does not meet the ethical and moral requirements" of the U.S. Senate.
Moore said in an interview he may have dated two teenagers while he was in his 30s but denied having a sexual encounter with a 14-year-old.
Bush said temporary tax cuts may create uncertainty and discourage companies from investing.
Senate Majority Leader Mitch McConnell on Monday said Roy Moore should "step aside."
Trump wants GOP lawmakers to repeal the Obamacare individual mandate to further cut taxes for high-income Americans.
Alabama Republican Roy Moore says a lawsuit will be filed over the newspaper report carrying allegations that he had sexual contact with a 14-year-old girl four decades ago.
The head of the House of Representatives' tax-writing committee said he would not accept elimination of a federal deduction for state and local taxes.
Over 400 wealthy Americans are reportedly sending a letter to Congress asking for a tax hike on the rich.
Moore said in a recent interview that he may have dated two teenagers while he was in his 30s.
Mitch McConnell told The New York Times that "you can't guarantee that no one sees a tax increase."
The Senate hopeful did not deny three other accounts from women who said he pursued them when they were teenagers.
The national fundraising committee's decision to sever ties with Moore is the GOP's first concrete step to distance itself from the scandal.
The House and Senate took big steps toward tax reform, but concerns from Republicans threaten the effort.
But Trump also believes "we cannot allow a mere allegation ... to destroy a person's life," press secretary Sarah Huckabee Sanders says.
CNBC's tally of all the House retirements, sorted by the reasons behind members' decisions and what the retirements mean for both parties.
Following the House Ways and Means Committee's approval, the full chamber could vote on the tax plan as early as next week.
Alabama Senate candidate Roy Moore allegedly pursued relationships with at least four teenage girls when he was in his 30s, WashPost says.
The Senate plan broadly follows the outlines of a similar bill making its way through the House but has some key differences.
The Senate plan contains some key differences from the one working its way through the House.
But Thune says the highlights of the Senate plan will be similar to House bill.
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