The GOP is pushing their #GOPTaxBill for their billionaire donors, but can only get enough R votes if the bill includes a backstop … that the billionaires don’t want? Mini-thread/
2/ Yesterday, it was reported that the #GOPTaxBill passed through the Senate Budget Committee only because GOP leaders agreed to some form of a backstop, or trigger.
3/ Basically, if the tax cuts don’t create the revenue and grow the economy the way the GOP says it will (and almost no economist thinks it will), the backstop would kick in and reverse the tax cuts.
4/ (Kansas had to do this. After 4 years of their disastrous tax cut experiment, they cried uncle and voted to raise taxes again. The difference here is that we wouldn’t have to wait for a new vote—the taxes would reverse automatically.)
6/ But other GOP senators are against it, including @JohnKennedyLA and @SenToomey, who are both on the Senate Budget Committee that just voted to move this tax bill along.
7/ What’s really crazy is that now, big conservative groups like Club for Growth and Americans for Prosperity (Koch) are pushing back hard on the idea of a backstop.
8/ To recap, the Republicans can only get enough votes for their tax bill, that only the billionaires want, if they include a backstop that the billionaires don’t want?
End/ Keep pressuring your Senators, folks. The Republicans clearly don’t have this all figured out yet.
Source (conservative one, at that): washingtonexaminer.com/republicans-pl…
