Nine GOP Senators Still Wavering on Tax Overhaul

The transcript discusses a recent Senate victory for Republicans, highlighting the challenges of passing a bill with wavering senators. Concerns about the national debt and a proposed revenue trigger are raised, which could impact long-term business planning and potentially trigger during a recession. Additionally, there are concerns that current proposals do not adequately support small businesses, potentially increasing program costs.

What was the main challenge faced by the Senate regarding the committee decision?

• Insufficient media coverage

• Opposition from the President

• Lack of support from the public

• Nine senators were undecided

Why are deficit hawks concerned about the proposed bill?

• It might reduce military spending

• It could increase the national debt

• It could decrease foreign investments

• It may lead to higher unemployment

What is a potential downside of the automatic tax increase trigger?

• It could lead to a budget surplus

• It could increase foreign debt

• It may reduce government transparency

• It might be activated during a recession

What is a concern regarding the revenue trigger for businesses?

• It hinders long-term planning

• It allows for too much flexibility

• It doesn't support short-term planning

• It increases competition

What do some senators believe the current proposals lack?

• Benefits for non-profit organizations

• Aid for small businesses

• Support for large corporations

• Incentives for foreign investors