Sen. Bob Corker (R-TN) speaks to reporters within the Senate subway underneath the US Capitol, on October 17, 2017 in Washington, DC.
The latest back-along with-forth between Trump along that has a top senator in his party threatens to throw a wrench within the GOP’s push to pass a tax plan This kind of year of which chops rates for individuals along with corporations. Corker had already expressed concerns about supporting a bill of which would likely balloon the federal deficit.
The current GOP tax framework, though far by finalized, could seriously expand the deficit if Republicans do not add any revenue boosters.
The House could pass the Senate’s edition of a budget This kind of week, a key step within the process. Then, tax-writing committees would likely work toward crafting a draft bill of which they could Discharge within the coming weeks.
The GOP has struggled to agree on provisions of which could offset the tax cuts. On Monday, Trump said the Republican plan would likely not make improvements to a well-known retirement savings plan, ruling out one possible money-raising tool.
On Tuesday morning, Sen. Marco Rubio, R-Fla., told CNBC he believes of which Corker will ultimately get behind the tax plan despite his reservations about the budget deficit along with disagreements with Trump.
Republicans may need Corker’s vote. With no Democratic support for the plan expected, the GOP will be using the budget reconciliation process. The rules will require only 50 of 52 Republican senators to vote for the bill.
While Trump claims Corker will be “fighting” tax cuts, he voted for the Senate budget plan of which would likely help to unlock the reconciliation rules for a tax bill.