House Republicans were suppose to unveil their tax cut bill today, but the unveiling has been delayed until tomorrow.
So, what's the problem?
Nothing major, just how to pay for $5-fucking-trillion in tax cuts for the rich.
Rumors of a potential postponement started to spread Tuesday afternoon. At the center of the problem were questions about how to pay for the proposed $5.5 trillion in tax cuts, since any major revenue-generator is certain to antagonize some powerful lobby or group of lawmakers who could defeat it.
[It's] the unresolved issues that caused Ways and Means members the most heartburn this week — and ultimately led to the delay. Those include: how to win over GOP lawmakers from high-tax states that are balking over curbing the state and local tax deduction, which their constituents rely on. There are also question about how to ensure that wealthy individuals don’t take advantage of the lower 25 percent small business or “pass-through” rate.
Look, they're suppose to unveil their bill tomorrow, but I don't know how they intend to answer these big questions in the next 24 hours if they couldn't answer them over the past 24 years.
Like their effort to repeal Obamacare, they've been afforded a great deal of time to think this through, but they haven't come up with anything viable of practical.
Maybe their ideas are just plain bad.