The Republican Tax Bill Might Need an Escape Hatch to Pass

[ Originally published on this site as post ]

Republican Senate leaders have sold their proposed tax cuts as a surefire jolt to the economy—one that will eventually refill the nation’s coffers with revenue generated through more jobs and higher wages. But what if it doesn’t?

One of the final pockets of resistance to the GOP plan is coming from senators who have seen firsthand the darker side of those lofty promises. Senators James Lankford of Oklahoma and Jerry Moran of Kansas have each raised concerns in recent days about the budgetary impact of the chamber’s tax bill, citing the experiences of their states as cautionary tales. Both Kansas and Oklahoma have had to close large budget deficits years after slashing taxes, forcing state governments to cut back on programs