Factional Infighting Puts Senate Tax Plan In Question.
Senate Majority Leader Mitch McConnell needs 50 of 52 Republic Senate members to pass the Republican tax plan. However, they have a variety of competing demands. Some want to limit new government deficits. Others want the deepest cuts possible. And some prioritize family tax breaks. Furthermore, others want to give businesses a boost. In addition, some have parochial concerns. And finally, others simply tend to be notoriously difficult to win on major pieces of legislation.
The plan going before the Senate Finance Committee Monday would increase the federal deficit by about $1.5 trillion over the next decade. However, this amount is before accounting for any economic growth that it might spur. On Friday, a conservative-leaning policy group projected that plan would boost the deficit $516 billion over a decade. This figure takes into consideration economic growth.
That complicates the plan’s prospects among some Republicans.