Time for Republicans to denounce this tax nonsense
By Editorial Board November 20 at 6:55 PM
MICK MULVANEY, the phony deficit hawk President Trump tapped to oversee the nation’s budget, all but admitted on Sunday that the GOP tax plan currently before the Senate is built on fiction. Senators from whom the public should expect more — such as Susan Collins (R-Maine), Bob Corker (R-Tenn.), Jeff Flake (R-Ariz.), John McCain (R-Ariz.) and Lisa Murkowski (R-Alaska) — should finally denounce this nonsense.
Mr. Mulvaney, the head of the White House’s Office of Management and Budget, said on NBC’s “Meet the Press” that Republicans are trying to “game the system” by pretending that expensive tax cuts will expire in several years, arguing that the pretense is necessary to “shoehorn the bill into the rules” of the Senate. “A lot of this is a gimmick,” he said.
Yet those rules exist for a reason — to prevent senators from busting the federal budget. The Senate GOP bill would lower personal tax rates but schedule them to tick back up in future years. This maneuver cuts the plan’s nominal sticker price to $1.5 trillion. But Mr. Mulvaney and other Republicans reason that, once written into the law, Congress would not allow these provisions to sunset. So the Senate Republican tax plan would cost $1.5 trillion on paper — already too much — but a lot more in reality.
more:
http://www.washingtonpost.com/opinions/time-for-republicans-to-denounce-this-tax-nonsense/2017/11/20/f8d4b9de-ce37-11e7-81bc-c55a220c8cbe_story.html?hpid=hp_no-name_opinion-card-d%3Ahomepage%2Fstory&utm_term=.44f96f3632db
DO SOMETHING!
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