Senate Parliamentarian Ruling Sends GOP Searching for New Tax Tweak

[babylonsister]

Policy
Senate Parliamentarian Ruling Sends GOP Searching for New Tax Tweak
Tax increase ‘trigger’ would violate Byrd rule, Perdue says
Posted Nov 30, 2017 6:10 PM
Ryan McCrimmon


A violation of Senate budget rules sent Republicans searching for new solutions in their tax overhaul effort, Thursday night.

Sen. David Perdue said the GOP tax plan will not include any revenue “trigger” mechanism because it was found to violate Senate budget rules, but senators are instead discussing putting an automatic, future tax increase into the bill instead.

The Georgia Republican said the trigger mechanism, an idea pushed by Sen. Bob Corker, R-Tenn., would have resulted in a “Byrd rule violation,” according to the Senate parliamentarian. The so-called Byrd rule is a part of the budget reconciliation process Republicans are using to pass a tax code overhaul.

The decision sent Senate Republicans scrambling to find a way to address concerns from several of their members over the bill’s possible impact on the federal deficit.

“They’re going to solve the problem another way,” Sen. Lindsey Graham, R-S.C., said. “I feel confident that if there’s a shortfall in the projections that there’ll be a mechanism in the bill to deal with the deficit.”

Graham said Corker, R-Tenn., has a new proposal that “everybody seems to like.”

Sen. John Cornyn said the size of the future revenue increase Corker is seeking has grown from $350 billion, the previous number on the table. The Texas Republican said he thinks Corker has “latched on” to a new analysis this afternoon from the Joint Committee on Taxation that found the GOP tax plan would lose around $1 trillion in revenue over 10 years, even accounting for resulting economic growth.

more...

http://www.rollcall.com/news/policy/tax-increase-trigger-would-violate-rules-perdue-says

[Achilleaze]

1. Give it up, repube pirates

You and your evil empire* russian comrades should just give it up, and leave America alone.

* per ronald reagan

[standingtall]

2. Flake and Corkers excuse for voting for this thing is out

the window probably. Wouldn't surprise me though if they can't get Flake and Corker to vote for this without it. That they will suspend the Byrd rules and vote for it anyway.

[Fred Sanders]

5. To suspend any rule means back to rules committee, debate, delay, then back to Senate etc.

Republicans could be fucked.

[standingtall]

7. I thought the Vice President was the Presiding officer

over the parliamentary rules. If it goes back to rules committee's repukes control those too. They are going to screw us anyway they can.

[Fred Sanders]

3. Trigger for revenue without stating where revenue from...seems kind of desperate. Given

the CBO report and two Financial Committee reports including one with voodoo "dynamic scoring" and the math still adds up to a massive violation of reconciliation 10 year no increase in debt rule.

And Byrd rule prevents an end around. Real pickle.

[Deb]

4. I'm dealing with my projected shortfall by dumping stocks in the morning

How are you all solving your projected shortfalls?

[gratuitous]

6. Some jobs are done fast

Others are done half-fast. This Senate bill appears to be one of the latter jobs.

I wonder if "regular order" McCain will go along with the re-tooled bill if one gets cobbled together?

[BigmanPigman]

8. Air Melber said McCain is now saying that

his health care vote based on "procedural grounds" is somehow different from the Tax Scam "procedure". I think he pretty much said that McCain is a hypocritical tool.

[Horizens]

9. cobbled together

That's exactly what they're doing. Trying to put together and pass any POS legislation that enriches the top 1% at the expense of every one else and set up huge deficits that will be used as an excuse to destroy Medicare and SS.

[babylonsister]

10. I think half-assed works here; they seem clueless. nt

[gratuitous]

11. Oh, you caught that, did you?