This proposal wasn’t a real revenue raiser, just a timing shift. Trump is right on this one.
It's going to be really hard to do true tax reform if the @POTUS shoots down every unpopular revenue raiser the Republicans come up with.https://twitter.com/realdonaldtrump/status/922428118685581313 …
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But even the gimmicky timing shifts are needed to make the math work - so in its own way, this does point to challenges GOP will face
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First useful thing he's done.
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Dynamic scoring will be used unless the GOP fiscal hawks refuse this
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Listen, we all know they'll end up doing straight up tax cuts w/ 90% of the benefits going to the top 2%. It's the only thing they agree on.
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Problem the GOP has is the only revenue raisers that are politically popular are the ones that raise taxes on the top 2%, which they hate.
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401k tax benefits disproportionately help the rich.. I don’t think it would be unpopular to lower the amount or do away with all together.
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Wouldn’t that make it easier?
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I *almost* feel bad for Mitch McConnell's staff
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This'll go down like other legislation - a few Republican defectors voting with the minority party. Trump makes adversaries out of friends.
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Done right tax reform might be fascinating, but what we have today is nothing more than finding ways to sneak more gifts to 1%ers.
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