Senate Republicans are rewriting major parts of their tax plan after Thursday night setbacks


The Senate Republican tax overhaul appeared heading to party-line approval on Thursday evening when a few things happened that derailed the vote until Friday.
First, the official congressional Joint Committee on Taxation found that the $1.63 trillion plan would add $1 trillion to the federal deficit even when accounting for economic growth. That led to three Republican senators — Bob Corker (Tenn.), Jeff Flake (Ariz.), and Ron Johnson (Wis.) — considering approving a Democratic amendment to send the entire bill back to the Finance Committee for a rewrite, until a scrum of GOP senators convinced them to vote against the measure. And then the Senate parliamentarian, Elizabeth MacDonough, ruled that a proposed deficit-limiting "trigger" provision was not allowed under rules Republicans are relying on to pass the measure with no Democratic votes.
Corker and two other Republicans had insisted on such a mechanism to prevent the bill from blowing a hole in the deficit if the GOP's growth estimates fell short, as the JCT analysis predicted they would. Corker was heard on the floor telling GOP leaders "the problem" and "one trillion off." Republicans are working overnight to add as much as $500 billion in revenue to the bill, with options including a rules-compliant trigger, incremental increases in the corporate tax rate, and keeping an alternative minimum tax for some wealthy individuals and corporations.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The voting will begin again at 11 a.m. Friday morning.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
How will Wall Street react to the Trump-Powell showdown?
Today's Big Question 'Market turmoil' seems likely
By Joel Mathis, The Week US
-
Google ruled a monopoly over ad tech dominance
Speed Read Attorney General Pam Bondi hailed the ruling as a 'landmark victory in the ongoing fight to stop Google from monopolizing the digital public square'
By Peter Weber, The Week US
-
El Salvador's CECOT prison becomes Washington's go-to destination
IN THE SPOTLIGHT Republicans and Democrats alike are clamoring for access to the Trump administration's extrajudicial deportation camp — for very different reasons
By Rafi Schwartz, The Week US
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
By Peter Weber, The Week US
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
By Justin Klawans, The Week US
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
By Peter Weber, The Week US
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
By Peter Weber, The Week US
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US