go bhak and change their question. the trigger mechanism not being a possibility, could be a real road bump over them. for republicans in the past few weeks, those that are concerned about the deficit had been going back to this trigger mechanism, saying, we re going to have a few years to take a look and see whether the economy is going to grow the way the administration is projecting it. if it doesn t, we have i safety mechanism. they may have lost votes. ed trigger mechanism is was going to cause tax increases. there were a bunch of republicans that didn t like that in the first place. here s the big difference this year, the democrats had their turn. right? their economic stimulus bill was the stimulus bill that president obama passed. donald trump said no i want to cut taxes to stimulate the
it does feel like republican senators were actually expecting to get something from treasury and the treasury department, treasury secretary said this will be free and pay for itself. from your understanding of politics here, are there actually republicans in the senate who will care enough about adding a trillion or a trillion and a half dollars on the deficit it will help them vote no. there are a couple republicans putting a bit of a bump in this process, a roadblock tonight because they don t like that one trillion added to the deficit but the question is as follows. will those republicans accept a fig leaf process for cover and then vote yes on the bill and i got to tell you, i m afraid they will. another thing that went wrong for them is they had a process they were going to use, a trigger mechanism by which if they didn t collect the revenue that they needed to offset these
they are trying to work out the details. brian: steve, just to expand on that because of the trigger mechanism, right and parliamentary a procedure move. you are not allow to trigger in automatic tax increases if the deficit if the deficit begins to grow, corker and company want and flake wanted to add a provision in that would up the taxes on people. steve: parliamentarian said you can t do that in this kind of bill. the problem is because the nonpolitical scoring committee that came back with a number yesterday. brian: parliamentarian? steve: no, the score keeper said it would add a trillion dollars over 10 years to the deficit. so bob corker said well, i can t go along with that what they re talking about doing is making the cut smaller. and so it s going to start at 20% for corporations but slowly go up. a bunch of republicans are going wait a minute. brian: wall street won t like that. steve: wall street journal doesn t like it this morning. we will sees a they take up
as i am getting back to greenland and having some ribs. think of the eating we can do down there. greenland is something. i got chills. it s been such a long time. we can hang around see the tide. either way, it s a big story, right. it s a big story. either way. and we get to go to alabama and eat. okay. voting on the senate s tax overhaul is set to pick up again at 11:00 morning, this as the gop leadership hopes to pass the bill last night. those hopes were dashed, after new analysis from a non-partisan congressional joint committee on taxation said the bill s growth projections fall short of paying for itself by $1 trillion. you see the dude on the floor lean with the sign, maybe he ought to stand up? stand up, man. if are you going to do it do it. if you want to go there. go there. a trigger mechanism to raise rates in response to a rise in
17.4% to 20%. is that going to be enough? that s still an open question. then you talk about people like jeff flake, bob corker, there issue has been throughout the deficit. this is where things are most complex where negotiations as i speak are ongoing with staff and those senators whachlt they are trying to do is implement some type of trigger mechanism. if the rosy projections don t end up panning out in the near term, this would trigger immediate tax increases. who you that tax increase would work, would it be corporate, whether it be on the individual side, that s the open question. if they can smooth that out, and if downtown run a foul on senate rules, they are on track to get this done. we ll wait for the so-called vote aroma. i think phil to happen friday. you have a big week ahead of you before this is said and done. thanks on the hill. coming up a major player talking