“There is a path forward, but only after this tax bill fails,” Schumer says in a new “POLITICO Money” podcast to be released Wednesday. “The hard right, which cares so much about just reducing taxes, has a stranglehold on the Republican Party right now. And I don’t think they’ll give it up unless this bill fails.”…

“If this bill fails, what we saw in health care in a small way, we could see in a bigger way and actually come up with some kind of bipartisan compromise,” he said. That compromise would have to include no tax breaks for the top 1 percent and deficit neutrality. If that happens, Schumer said, “there are a lot of Democrats who would be willing to reduce the corporate rate.”