House Tax-Cut Plan Hurtles Toward Senate Roadblock
- ‘Byrd Rule’ would require changes to meet deficit target
- Senate Republicans to release their version of bill next week
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The draft House tax plan is going nowhere in the Senate as written.
The legislation to enact $1.41 trillion worth of tax cuts would run afoul of a Senate budget rule without substantive changes that would either raise more government revenue or scale back some of the benefits directed toward businesses and individuals, according to experts on Senate procedures.