Friday News: Word of the day: Triggers

SENATE REPUBLICANS SCRAMBLE TO REFINE TAX CUT BILL: The scramble to alter the bill came after the Senate's parliamentarian ruled that automatic "triggers" designed to guard against big deficits would violate Senate rules. GOP leaders' main concern was winning over the hawks worried about adding more red ink to the mounting $20 trillion deficit. Senate Majority Leader Mitch McConnell, R-Ky., had expressed confidence early in the day, but he has little margin for error with a 52-48 Republican majority. He can afford to lose only two votes while counting on Vice President Mike Pence to break the tie. Sen. John Cornyn of Texas, the No. 2 Republican in the Senate, said the bill will have "alternative, frankly, tax increases we don't want to do" to address deficit concerns. Flake said the "trigger" tax increases would raise about $350 billion over 10 years, though he didn't specify which taxes would go up.
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