Economics
‘Trigger’ That Advanced GOP Tax Bill Poses Risks for Senate Vote
- Corker cites deal with McConnell, tax writers, White House
- Senate leaders tight-lipped on anti-deficit plan’s details
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A key concession that helped clear Republican tax legislation for a Senate vote as early as Thursday is drawing sharp opposition from conservative groups and some lawmakers, signaling that GOP leaders still face challenges in achieving a major legislative victory before year’s end.
The Senate Budget Committee approved the bill on a party-line vote of 12-11 Tuesday, but only after Senator Bob Corker of Tennessee said he bargained for adding a controversial provision: a so-called revenue trigger that would impose tax increases if the tax bill’s cuts raise the federal deficit.