Several Republican senators and conservative activists are fighting back against a proposal put forward by Republican Sen. Bob Corker that would “trigger” a raise in taxes if the Senate’s tax bill is unable to generate the revenue expected of it.But even as they attacked the specific proposal, the senators said that it’s more important that some tax bill pass. And Corker’s vote could prove pivotal.The trigger proposal has not been publicly unveiled yet, but Corker said it would be on Thursday and that he had gotten an agreement from Senate Majority Leader Mitch McConnell that a version of the trigger would be in the final bill due to be voted on as soon as this week. McConnell said the Senate would vote to start debate on the tax bill later Wednesday.Corker has said repeatedly that he’s concerned about the impact the tax bill, which includes a 15 percentage point decrease in corporate tax rate from 35% to 20%, would have on the deficit. The Congressional Budget Office projected that the bill would expand the federal debt by $1.4 trillion over ten years. Even the relatively optimistic estimate from the Tax Foundation, a right-leaning tax research group, projected the bill would… Read full this story
- Defunding Planned Parenthood Is Just the Start
- Republican Senators Who Will Vote to Remove Trump Over Impeachment Can Be Counted on One Hand, Says Chris Murphy
- Varney: 'Strangely' Democrats, not Republicans, are rattled by impeachment: 'Just wait till he wins another term'
- WATCH: Chris Wallace Cites ‘Well-Connected Republican’ Who Suggests ‘20% Chance Enough Republicans’ In Senate Will Vote To Impeach
- These Millennials aren’t just voting: They want your vote
- Saudi Air Force trainee condemned US as 'nation of evil' in hate-fueled Twitter manifesto just hours before he killed three and injured eight at Pensacola naval base - as six others are arrested, including three who FILMED the attack
- London Bridge terror victim planned to vote tactically to oust Tories, his dad reveals
- ‘I Just Want to Feel Everything’: Hiding Out With Fiona Apple, Musical Hermit
- Bernie Sanders Calls Tax Plan 'Great Victory' for Billionaires Like Trump
- Robert Reich: Why the Rich and Corporations Should Pay More Tax
Many Republicans Hate A Plan They Will Probably Vote For Just Because They Want To Get Taxes Done have 356 words, post on www.buzzfeed.com at November 29, 2017. This is cached page on IT Breaking News. If you want remove this page, please contact us.