Making the Trump Tax Cuts Permanent? Some Senate Dems Say They'll Play Ball.
Taxes,Tax Cuts,Donald Trump,Senate Democrats
The budget wars are about to begin. Yet, in January, moderate Senate Democrats offered an olive branch as the Trump tax cuts expired: they’d be willing to work with Republicans on tax cuts without going through the reconciliation process. They promised they would deliver enough votes to break filibusters (via Politico):
A group of eleven moderate Senate Democrats say they want to work with Republicans on addressing the GOP's expiring tax cuts and raising the debt ceiling.
In a new letter to Republican leaders, they say they are willing to cut spending, protect family-oriented tax policies, have “competitive” rates on businesses — and that they can provide enough votes to allow Republicans to overcome a filibuster in the Senate without having to resort to so-called reconciliation.
The lawmakers say they’re otherwise worried Republicans will tack the $4 trillion cost of extending their tax cuts onto the deficit, which will increase interest rates for everyone, something nonpartisan budget forecasters have recently warned about.
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