The wealthy would benefit a lot from elimination of estate, gift and alternative minimum taxes, as well as "pass through" changes 4/
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It assumes gargantuan economic growth that is unlikely to be achieved even in rosiest scenarios 5/
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Administration officials and lawmakers say they will rate it by a change in the budget baseline that hides $500 billion in deficits. 6/
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Even with the baseline maneuver, it would add all that hidden money to the debt. 7/
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By shifting away from a current law baseline, the government would then assume all tax cuts would remain in place in perpetuity 8/
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Even though many tax cuts - presumably including some in the forthcoming bill - are written to sunset. 9/
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It is not true - antithetical, actually - that filibuster-proof reconciliation bills have to be deficit neutral 10/
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That's because reconciliation's "Byrd rule" requires that provisions be designed to reduce or increase deficits 11/
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Very few people in Washington actually care about deficits or debt 12/
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Even fewer people want to consider the implications of trillions of dollars in tax relief and hundreds of billions in disaster recovery 13/
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at the same time. 14/
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In the best of political circumstances, it's difficult for the House and Senate to agree to a budget. That will be first test. 15/15
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