Senators' Deal Makes Tax Cuts More Likely, May Limit Their Scope
- Pact would allow for tax cuts that increase federal deficit
- Under budget rules, deep cuts may have to be set to expire
Alice Rivlin Says GOP Strategy on Budget Isn't Clear
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Senate Republicans say a preliminary budget deal this week that will allow for a major, deficit-increasing tax cut improved their chances of passing a tax bill that’s planned for consideration this fall.
But at the same time, the agreement -- announced Tuesday night in a joint news release by two members of the Senate Budget Committee -- departs from years of GOP rhetoric about fiscal discipline and narrows the chance of making permanent tax-code changes, budget experts say.