Republicans to introduce $1.5 trillion tax cut blueprint in Senate next week

WT:

Republican senators struck a deal this week paving the way for potentially $1.5 trillion in tax cuts over the next decade, suggesting broad outlines of a plan to be presented next week.

Sens. Bob Corker, Tennessee Republican, and Patrick J. Toomey, Pennsylvania Republican, said their agreement on a 2018 blueprint will give lawmakers enough room to craft a tax package that lowers rates and flattens the code.

The plan could deepen the deficit in the short run, but the two budget writers hope it improves finances over time.

Mr. Corker’s backing was considered critical to writing a 2018 budget that would allow for debate on tax cuts without a Democrat-led filibuster in the Senate.

It also signals the kind of senator-by-senator negotiations Republican leaders are engaged in as they rush to meet a self-imposed end-of-year deadline.

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11 Comments on Republicans to introduce $1.5 trillion tax cut blueprint in Senate next week

  1. Familiar with BRAC, the Base Realignment and Closure Committee? Maybe it’s time for CRAC: Congressional Realignment and Closure Committee. Have Congress get rid of hundreds of government agencies and hundreds of thousands of government employees we do not need and cannot afford. Scale government back to bare necessity. Should be solvent in a couple years.

  2. Bob Corker was the final nail in the Iran deal. Who in their right mind would support anything he signs?
    The only thing Corker is qualified to write or sign is his resignation.

  3. McCONnell hasn’t gotten his marching orders from Schumer yet, so the Tax Reduction bill may be off the table.

    Ryan has yet to get a campaign check from the chamber of commerce and the healthcare industry, he’s still on the fence post.

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