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COMING UP:Share Opener Variant 2

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Transcript

00:00:01
>> President Trump's Republicans struggle for consensus as their sweeping tax cut package stalls in the Senate. I'm Andy Sullivan in Washington, where Republicans have run into serious problems as they try to push their massive tax overhaul through Congress. They appear to be short of the 50 votes they need to get it through the Senate, and they're rewriting the bill on the fly as they try figure out how to get enough people on-board.
00:00:22
They've been thrown for a loop by a new analysis that shows that the tax cuts will not pay for themselves. In fact, they will add one trillion dollars to the national debt that puts budget hawks like Bob Corker in a tough spot. He said he won't vote for anything that worsens the budget picture, and Republicans have tossed out his idea on how to fix the problem.
00:00:41
It's not clear at this point whether they will find a solution.>> Senator for Michigan.>> The bill would slash tax rates for corporations and many other businesses, and would temporarily lower rates for individuals. Senator's still negotiating over the plan's impact on the deficit. Republicans considering and then discarding Corker´s idea to have tax rates snap back to current levels if growth targets aren´t met.
00:01:03
Their latest idea, making the corporate tax cuts temporary to reduce the impact on the national debt. Senate Republican leader, Mitch McConnell, postponed action until Friday, as the GOP tried to hash out specifics behind closed doors.>> This is our once in a generation opportunity to take more money out of Washington's pocket and put more money into the pockets of hard working families.
00:01:23
>> But Democrats dead set against it, McConnell will need the votes of at least 50 Republicans. Some are falling in line. Senator John McCain is a yes. Others, like Susan Collins and Jeff Flake, have yet to commit. Democrats and independent analysts say that wealthy Americans would benefit the most, while many in the middle class could end up paying more.
00:01:42
Republicans insist it will spur job growth and lift the economy. It's unclear at this point whether Republicans will find unity or fall apart, as they did this summer when they tried to repeal Obamacare. They're desperate to show voters that they can deliver on their top priorities and they know they'll be in big trouble if they head into next year's midterm elections empty handed.
00:02:01
This tax cut package isn't dead. Far from it, but it's looking less and less like a sure thing.>> Senators voting in the affirmative.