GOP Grapples With Trigger Provision in Tax Bill

GOP Grapples With Trigger Provision in Tax Bill

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the development of a trigger mechanism in a tax bill, which is crucial for gaining support from deficit-conscious senators like Bob Corker, Jeff Flake, and James Langford. It highlights concerns about the deficit and the potential impact of Arctic drilling on Senator Lisa Murkowski's vote. The discussion also covers the constraints of the reconciliation process, which requires the bill to not add to the deficit after 10 years and to relate directly to the budget. Efforts are being made to finalize the bill while ensuring it complies with budget rules to avoid delays.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Why is it critical for the bill to not add to the deficit after 10 years?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of the bird rule on the tax bill's progress?

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