Cowardice and dishonesty
By Editorial Board
September 28 at 7:30 PM
... President Trump released a tax reform framework Wednesday, promising that "historic tax relief" would result in higher wages and a "middle-class miracle." That’s about as likely as it sounds. In fact, the plan is packed with giveaways to the wealthy and threatens to add even more to the debt.
Mr. Trump promises hefty tax cuts for ordinary people and little benefit to top earners such as himself. But because he refuses to release his own tax returns, Americans have no idea how much he would benefit from his own tax plan. Three major provisions suggest it would, in fact, do a lot for the wealthy ...
... Republicans are not going to pay for these giveaways to the rich, which means future workers will pick up the tab. They have promised to raise money by cutting tax deductions, but they have been more specific about the deductions they would keep than the ones they would eliminate. They’ve done none of the hard work, in other words. Meanwhile, they admit they are unwilling to fully pay for the tax cuts they want, so they are giving themselves permission to cut up to $1.5 trillion in taxes without any offsets at all, arguing that a spurt of economic growth would make up for much of the lost revenue.
This is tax reform, in other words, for dishonest political cowards ...
https://www.washingtonpost.com/opinions/trump-promises-tax-reform-and-delivers-cowardice/2017/09/28/b1571552-a3c6-11e7-ade1-76d061d56efa_story.html?utm_term=.047a308faaaa
