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Corker's Focus on Deficit May Force GOP to Scale Back Tax Cuts

  • Tennessee senator called for $4 trillion in offsets for cuts
  • Legislation cannot produce a budget deficit, lawmaker says
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Ryan Says This Is a 'Now or Never Moment' for Tax Reform

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One day after announcing he won’t run for re-election, GOP Senator Bob Corker made clear that he could force Republicans to scale back their new plan for tax cuts.

The Tennessee Republican told reporters in Washington on Wednesday that while he supports lower taxes, he won’t back legislation that increases deficits -- a certainty under a Republican plan whose outlines were unveiled on Wednesday. To satisfy Corker, lawmakers would have to scrap some planned cuts or eliminate loopholes. They could also cut spending to offset about $4 trillion in reduced revenue.