Their Baseline was current law MT @alexparkerdc: .@morningmoneyben Don't understand S-B calls for lower tax rates across-the-board.
@BDayspring @alexparkerdc @morningmoneyben Baselines was what they called "Realistic Policy" -- assumed extension of tax cuts below $250K
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Indeed. There's nothing middle class Americans like more than talking baseline budgeting
@jonathanweisman@AlexParkerDC@morningmoneyben -
@BDayspring@jonathanweisman@AlexParkerDC It's everyone's favorite Xmas season pastime -
@morningmoneyben@BDayspring@jonathanweisman SB calls for lower tax rates, period. Who cares about baselines? FC deal will use a diff one -
@alexparkerdc@morningmoneyben@jonathanweisman Its projections are all based off of assumed tax increase on 250K+ - so lower rates off THAT -
@BDayspring@morningmoneyben@jonathanweisman Not at a computer now, but S-B calls for a top rate lower than what we have now, right? -
@AlexParkerDC@bdayspring@morningmoneyben But fixes baseline where would be if top rates expire. New code would have 2 raise ton of revenue -
@jonathanweisman@BDayspring@morningmoneyben Revenue goals of FC deal and S-B plan will be different, no matter what baseline you use.
End of conversation
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