GOP tax bill clears a Senate hurdle with the help of a trigger mechanism
Share Now on:
The latest draft of the Senate tax bill sailed through a procedural vote in the budget committee today. One of the big questions leading up to the vote was how to appease deficit hawks like Sen. Bob Corker of Tennessee, who object to the trillion or so dollars these tax cuts would add to the national debt. Well, Corker voted yes on the bill, and the concession that reportedly got him there? A so-called tax trigger. The question is … how does it work?
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.