Taxes

GOP Rep. Compares Trump’s Non-Existent Tax Plan to a Unicorn

JM Ashby
Written by JM Ashby

During his announcement that America will withdraw from the Paris climate accord, Trump also said his tax bill is "moving along in Congress," but it isn't. There is no bill. Trump doesn't have a bill and Congressional Republicans don't have one either.

While several Republican senators are downplaying the possibility of passing Trumpcare this year, other Republicans in Congress are growing skeptical about "tax reform."

One anonymous member of the House Ways and Means Committee, which is responsible for writing tax bills, compared Trump's non-existent bill to a unicorn.

Republicans in both chambers are leery of getting out ahead of the White House, but a member on the tax-writing Ways and Means Committee said the prospect of a detailed White House plan emerging soon was akin to the chances of spotting a unicorn.

The Republican lawmaker on the Ways and Means panel, who spoke on condition of anonymity, said there have been lots of meetings between White House officials and key lawmakers, but the Trump administration’s approach so far feels like amateur hour. [...]

The lawmaker said the conversations have mostly involved educating the White House and Senate about the House proposals, which include a controversial border-adjusted tax on imports championed by House Speaker Paul Ryan. The lawmaker said he was hoping to see details this week on an emerging White House plan, but officials said there is currently no plan for the White House to present anything.

"Amateur hour" indeed.

Don't get me wrong; I certainly don't want to see the Republicans get their act together. Their incompetence is a sight to behold and it's the only thing saving the economy right now. But that may not last. Job creation is currently on a downward trend as the domestic and foreign policies of President Obama are gradually washed away.

Trump's immigrant labor crackdown and the depression of foreign tourism is going to start showing up in jobs reports if it isn't already.

  • muselet

    The Rs don’t have a coherent philosophy of taxation beyond Tax cuts for the rich! The possibility of actually effecting change in the tax code has brought that fact to the fore.

    The pure, Platonic ideal of tax cuts is now compromised—sullied!—by nonsense like Paul Ryan’s border adjustment tax, and the imbecility of the White House makes achieving anything more difficult.

    They’ll still find some way to tank the economy and hamstring the government’s ability to respond (while blaming the Ds for the economic devastation), never fear. They might have to wait a few years to change the tax rates, though.

    –alopecia

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