Freedom Caucus to Release Its Own Tax Plan

Jonathan Swan: “The House Freedom Caucus — a group of around 35 ultra-conservative House Republicans who can block their party’s leadership on key legislation — is in the final stages of drafting its own tax plan.”

“Instead of raising new sources of money to ensure their tax cuts don’t add to deficits, the Freedom Caucus is planning to embrace a non-traditional idea to extend the budget window. The idea, pushed by some conservatives, including Sen. Pat Toomey, is to change budget rules so that tax cuts that add to the deficit can last for 20 years or longer, rather than expiring after 10 years.”

“It’s a move designed to unsettle Republican leaders Paul Ryan and Mitch McConnell, who’ve been working behind closed doors to craft a tax plan with the White House.”