GOP senator seeking back-up revenue plan on taxes to secure his vote - News Summed Up

GOP senator seeking back-up revenue plan on taxes to secure his vote


The Oklahoma Republican says he is deeply concerned about the impact of the tax bill on the debt and deficit especially if the 0.4% growth projections anticipated by the tax changes don't hold up. He is working with GOP leadership and members of the Senate Finance Committee to craft a "what if" plan if they don't. "What if the growth estimates don't hit point 0.4%? What changes might be needed in the tax code in the days ahead to be able to adjust in what scenario? Lankford said he and his staff worked with tax negotiators over the Thanksgiving break to address his concerns and those talks continue.


Source: CNN November 27, 2017 21:39 UTC



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