US: House GOP Meeting Exposes Tension In Approach To Revenue For Reconcilliation

Punchbowl News reports that a House Republican Study Committee lunch this week revealed tensions within the House GOP over how to raise revenue to pay the huge upcoming reconciliation package, with some participants responding negatively to a mistakenly proposed corporate tax rate hike. 

• According to Punchbowl, Budget Committee Chair Jodey Arrington (R-TX), “accidentally” presented a series of slides to the group that proposed raising the 21% corporate tax rate.
• However Arrington, "intentionally floated other examples of ways to raise revenue in the tax code," including: "Clawing back clean energy tax credits from Democrats’ Inflation Reduction Act ... and a SALT cap for corporations. Addressing “corporate SALT” would entail limiting what companies can deduct in state and local income taxes, much like Republicans did for individuals in 2017.”
• Arrington told reporters: “I can’t tell you where it will end up, but there are trillions of dollars” in savings outlined in his budget plan.
• House Majority Leader Steve Scalise (R-LA) said: “We’re going to be having conversations with each chairman to make sure that the targets they’re given are achievable within their committee, and then ultimately get pulled back into budget reconciliation to give us the ability to do all the things you want to do.”
• House Appropriations Committee cardinal Rep. Mike Simpson (R-ID) said: “It’s going to be difficult. If you’re going to find $2 [trillion], $2.5 trillion dollars in cuts, or whatever, you’re not going to be able to do that without going after mandatory spending.”