Key Vote Alert – “NO” on Attempts to Increase Proposed Tax Rates in the Senate Tax Reform Plan
KEY VOTE ALERT
“NO” on Attempts to Increase Proposed Tax Rates in the Senate Tax Reform Plan
The Club for Growth urges all Senators to vote NO on any amendment that will increase any of the corporate or individual tax rates established in the proposal that was reported out of the Senate Budget Committee. Votes on such amendments are expected today and tomorrow. Some or all of these votes will be included in the Club for Growth’s 2017 Congressional Scorecard.
In its current form, the Club for Growth supports the Senate Budget Committee proposal. It includes pro-growth corporate tax cuts, full expensing, a switch to a territorial tax system, and solid, but modest improvements to the individual code.
Now that the bill is being debated on the Senate floor, there will be attempts to weaken it, including the Rubio-Lee amendment that will expand the child tax credit, paid for with a 2-point increase in the proposed corporate rate. The Club will score against the Rubio-Lee amendment.
The Club also opposes the so-called “trigger”. While details are still unknown, it’s clear that such a mechanism could lead to tax hikes in future years. Any amendment that proposes such a trigger will be scored against by the Club. Likewise, any amendment that proposes to remove the trigger will be scored in favor by the Club.
Our Congressional Scorecard for the 115th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.