Republicans Plan To Go 'Nuclear' On Passing Trillion Dollar Tax Cuts (steamroll the rules and cook the numbers)
Source: HuffPost
Republicans Plan To Go 'Nuclear' On Passing Trillion Dollar Tax Cuts
Igor Bobic
Tue, April 1, 2025 at 10:31 PM EDT·3 min read
WASHINGTON ― Congressional Republicans want to use a controversial budget gimmick to pass their $5 trillion tax cut package ― and they plan to steamroll the Senate rules to make it happen.
Their risky and never-before-used strategy hinges on how to account for the bill’s impact on the deficit. Republicans want to use a “current policy” baseline, which assumes the 2017 tax cuts will be extended permanently even though they are due to expire this year. Under this method, which has been roundly panned by bipartisan budget experts, Republicans could claim that a huge part of the tax cuts would be cost-free. In reality, however, they would blow a massive hole in the deficit.
Initially, Republicans were expected to seek a green light on using “current policy” from the Senate parliamentarian, who advises the chamber on its rules and parliamentary procedure. But a meeting between the parliamentarian and Democratic and Republican budget staffers was canceled on Tuesday, a sign that Senate Republicans are planning to go their own way.
Republican leaders argued in a closed-door lunch on Tuesday that Senate Budget Committee Chairman Lindsey Graham (R-S.C.) has sufficient authority under the Congressional Budget Act to score their reconciliation bill using “current policy” himself, without needing a ruling from the parliamentarian.
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Read more: https://news.yahoo.com/news/republicans-plan-nuclear-passing-trillion-023157381.html
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