The GOP tax plan could trigger 'paygo' spending cuts - The Washington Post

The Washington Post| Tue Nov 14 04:45:07 EST 2017
Senate Majority Leader Mitch McConnell (R-Ky.) on Nov. 7 said he expects the GOP tax plan "in the end to be revenue neutral for the government, if not a revenue gainer." (Reuters) As Republicans work to pass the largest overhaul of the U.S. tax code since 1986 by the end of this calendar year, they're not banking on any support from Senate Democrats. Instead, they're using a process known as budget reconciliation, which only requires a simple majority to pass. But there's a catch: Republicans would need at least a few Democratic votes to avoid the tax bill triggering automatic spending cuts to Medicare, student loans and other programs because of the “Pay As You Go” ..

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