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GOP Tax Plan Hits Snag In Senate

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A Republican plan to automatically trigger tax increases or spending cuts if revenue falls short has been shot down the U.S. Senate’s parliamentarian, the Washington Post reports.

“The tension played out during a tense 62-minute standoff on the Senate floor, as Sens. Bob Corker (R-TN), Jeff Flake (R-AZ), and Sen. Ron Johnson (R-WI) refused to vote with their colleagues until they had assurances that more changes could be made to the bill.”

Axios: “A trigger was the way Republicans were going to get members worried about the deficit to back the tax bill. Now Republicans need to find hundreds of billions of dollars to make deficit hawks happy or the bill might die — and many Republicans don’t like any other ideas to raise taxes.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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