Washington Post: “Now, Republican leaders may have to brace for an intraparty battle over how far to go to accommodate deficit concerns. Other Republicans are arguing strongly against reducing the size of the bill’s tax cut, as may now be necessary to satisfy the deficit hawks.”
“Thursday evening, senators were eyeing a wide range of options to move legislation forward. They are discussing adding higher taxes on upper-income Americans and modestly rolling back the bill’s large corporate tax cut. But they did not have an obvious solution, given the need to add hundreds of billions of revenue back into the bill.”
Wall Street Journal: “One possible outcome is that the corporate tax rate would start at 20% and rise in stair-step increments in later years. That move could shrink the size of the tax cut by at least $350 billion over a decade, making it about three-quarters of its previous size and potentially dampening some of the economic growth Republicans said they are trying to create.”
Axios: “Aides say they still hope to bring all 52 Republicans to yes. But it’s going to be extremely hard to find ways to raise as much as $500 billion in revenue overnight, and raising taxes could lose other members.”
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