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.”Save to Favorites