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Detailed text transcripts for TV channel - CNN - 20171201:01:33:00

issued a report contradicting claim will pay for itself and new debt analysis. it was not what republicans needed or wanted. how did they react? reporter: didn t go over well at all on capitol hill and helped kill a lot of the momentum that republican leaders had been feeling for good portion of the day. especially earlier having john mccain say he supports the bill. but that report, bill would add a whopping $1 trillion to the deficit over a decade didn t sit well for deficit hawks. namely senator bob corker. promised not to get behind the bill to add the deficit. had been behind a deficit trigger. idea to raise taxes

Detailed text transcripts for TV channel - CNN - 20171201:05:32:00

issued a report contradicting claim will pay for itself and new debt analysis. it was not what republicans needed or wanted. how did they react? reporter: didn t go over well at all on capitol hill and helped kill a lot of the momentum that republican leaders had been feeling for good portion of the day. especially earlier having john mccain say he supports the bill. but that report, bill would add a whopping $1 trillion to the deficit over a decade didn t sit well for deficit hawks. namely senator bob corker. promised not to get behind the bill to add the deficit. had been behind a deficit trigger. idea to raise taxes

Detailed text transcripts for TV channel - CNN - 20171130:20:59:00

minute, phil, what s the actual timeline? i mean, what happens today, tomorrow, and might there actually be the vote happening friday? reporter: yeah, i think that s extremely possible. look, right now everybody s in a holding pattern and walking you through behind the scenes right now. there are a couple of issues. i was talking about that deficit trigger. bob corker, jeff flake has been huddling multiple times behind closed doors trying to figure out how to structure it. look, it s a complex idea, do you raise taxes on the individual side? how does it actually work? how do you adjust to the fact that there s a recession or something like that? it s complicated. they re working on that. they also need to make sure that the bill on a whole does not run afoul. as this is all going on. the debate on the floor is still happening. they ve got 20 hours of debate, they ve been working on that. as you noted, there where be a voterrama, when you factor all of that in, the fact that we haven

Detailed text transcripts for TV channel - CNN - 20171130:23:08:00

problems getting their tax bill passed tonight. let s go to sunlen serfaty. she s on capitol hill tonight. what s the latest? what is happening? unexpected drama here in the senate, showing how delicate these negotiations over the republican tax plan are happening. i ll show you some pictures. this happened on the senate floor. this should have been a simple procedural vote, a democratic amendment that would have sent the bill back to committee for three days. republicans should have voted that down very easily. rather than being voted down, though, by republicans, the floor was held open for an hour where you saw this remarkable huddle and the senate majority leader, the number two and three in the sfenate huddling around jeff flake and bob corker. they have been raising big issues over the deficit and we re told, according to a source that told my colleague phil mattingly, this centers around the so-called deficit trigger.

Detailed text transcripts for TV channel - CNN - 20171130:22:22:00

exactly what s going on. also in that huddle, senate majority leader mitch mcconnell, john corner, number three, john thune. i ve spoken to several aids right now who acknowledge, they did not expect this was going to happen. they re not totally sure what s happening right now, except they understand that this is a continuation of negotiations that have been going on and frankly somewhat frustrating to some of those involved throughout the day. to give you context here, republican leaders throughout the day have been exceedingly optimistic, they could have a vote, a final vote, as soon as tonight. that has grown more and more unlikely as the day has gone on and as the day has gone on, there s several behind closed doors meeting. smaller groups at time, often involving senator corker, patrick in, as they try and figure out what has been the major hold-up. and that is a deficit trigger. wolf, this bill as it currently stands, according to to the joint committee on taxation, would add mor

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