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Sen. Bob CorkerRobert (Bob) Phillips CorkerRepublicans, ideology, and demise of the state and local tax deduction Cheney set to be face of anti-Trump GOP How leaving Afghanistan cancels our post-9/11 use of force MORE (R-Tenn.) said Tuesday that he wants to get a deal that includes a backstop to help offset potential future deficits in the Senate GOP tax plan before a committee vote.
"We're working on that right now. ... We do need to have this trigger worked out before the budget vote today," Corker told Fox News, when asked if he thought the tax bill would be able to pass the Budget Committee and ultimately the entire Senate.
Corker noted that he's working "feverishly" to get an agreement. He met with Senate GOP leadership in Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellThe Hill's 12:30 Report - Presented by Facebook - Actor John Krasinski films outside White House Biden's Supreme Court choice: A political promise, but also a matter of justice Let's 'reimagine' political corruption MORE's (Ky.) office on Tuesday, and said he also expects to get a proposal from the White House.
Deficit hawks, including Corker and GOP Sen. James LankfordJames Paul LankfordThese Senate seats are up for election in 2022 Rubio blocks quick votes on stalemated defense bill Constant threats to government funding fail the American public MORE (R-Okla.), want to include a "trigger" that would increase taxes if the economic growth Republicans are predicting will pay for their tax plan falls short.
"I know it's important, not just to me but numbers of members who want to make sure that if for some reason these projections are off, we don't have the growth that's been laid out ... that we're not passing on increased debt to future generations," Corker told CNBC.
Pressed if under the "trigger" taxes on individuals would go up, Corker added: "And businesses ... We're working through that right now. ... You know, just let it play out."
President Trump is expected to discuss tax reform with Senate Republicans during their weekly caucus lunch on Tuesday.
And Budget Committee is scheduled to meet at 2:30 p.m. on Tuesday to merge the tax plan with a bill from Sen. Lisa MurkowskiLisa Ann MurkowskiMcConnell: I'm going to give Biden's Supreme Court nominee 'a fair look' The Hill's Morning Report - Who will replace Justice Breyer? McConnell aims to sidestep GOP drama over Trump MORE (R-Alaska) that would allow drilling in the Arctic National Wildlife Refuge.
Republicans have little room for error on the panel. They have a one-seat advantage and both Corker and GOP Sen. Ron JohnsonRonald (Ron) Harold JohnsonJewish groups sound the alarm as anti-vaccine mandate movement invokes Holocaust Former Senate candidate launches bid for governor in Wisconsin Wisconsin Democratic Senate candidate Sarah Godlewski rolls out rural policy plan MORE (Wis.) have threatened to vote against the tax bill.
Corker, arguing he hadn't made demands on the tax plan, said he was willing to "swallow" the provisions in the legislation reforming the individual tax code in exchange for getting more help for cooperations.
"If we could take the entire individual side of this, throw it in the trash can and take it directly to the incinerator — I would be thrilled if we were only dealing with the business side," he said.
GOP leadership is hoping that lawmakers will reserve their "no" votes for the Senate floor, allowing the bill to move forward on Tuesday.
But they have an equally narrow path once the bill reaches the floor. With a 52-seat majority, they can only afford to lose two GOP senators and still have Vice President Pence break a tie.
McConnell started the process on Monday night of placing the House-passed tax plan on the Senate calendar. The move, once completed, would allow GOP leadership to use the bill as a vehicle for any Senate tax legislation.
Sen. John CornynJohn CornynOvernight Defense & National Security — Pentagon tells Russia to stand down Ukraine sent letter to senators seeking specific Russia sanctions, military assistance Senate Republicans press federal authorities for information on Texas synagogue hostage-taker MORE (R-Texas) told reporters on Monday that he expects an initial vote to move to the tax legislation on Wednesday.