Senator John Breaux (D-Louisiana) said today that he believes that he has the support in principle of four Republican senators for a letter drafted by members of the bipartisan Centrist Coalition that proposes scaling back President Bush's tax cut plan. The centrists have put forth a plan that will propose a tax cut of $350 billion which is significantly less than the $726 billion tax package that President Bush has proposed.

Senator Breaux has said that he believed that the letter would likely be supported by Republicans Olympia Snow of Maine, George Voinovich of Ohio, John McCain of Arizona and Lincoln Chafee of Rhode Island.

If these four Republicans are on-board, the centrist compromise would have at least 52 votes which is enough to win a floor vote to cut the size of the President's package. A letter will be transmitted to GOP leaders after the Senate Budget Committee completes work on a budget resolution.