Sen. Jeff Flake (R-Ariz.), who voted for the GOP tax law, said Thursday that he wouldn’t vote to make the law’s individual tax cuts permanent, arguing that it wouldn’t pass the Senate and instead would be a “show vote.”
“I think that that is an act of bad faith, to pass something to fit it under the budget window and then as soon as you get past that political peril, then you go and have a show vote to make the tax cuts permanent when all it is is an election maneuver,” he said at an event hosted by the Peter G. Peterson Foundation.
The Hill added:
The tax law Republicans passed in December permanently cut the corporate tax rate from 35 percent to 21 percent but only cut taxes on the individual side of the code for eight years. Under Senate rules, a bill needs 60 votes to pass instead of a simple majority if it adds to the deficit outside of the 10-year budget window, so the individual tax cuts were given an expiration date.
Republicans have been discussing holding a vote this year on permanently extending the individual tax cuts. While a bill to do so would be unlikely to pass the Senate, many Republicans view a vote as a smart political move to force Democrats to go on the record in an election year.
However, Flake said he’s “going to have problems” if the individual tax cuts are made permanent without any offsets or cuts to mandatory spending.
“If you want stimulative effects, you get that lowering the corporate tax” rather than by cutting the top individual rate, he added.