Who are they kidding? The GOP still lacks a tax bill - By Jennifer Rubin
The most striking aspect of President Trumps tax bill unveiled today that it is not a bill at all. Its another outline, a scheme, a failure of the most basic function of policy development.
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But what we dont have and the administration cannot decide upon are all the hard parts:
What is the income level for each bracket?
What deductions go away or are limited?
How much debt will it create, and what assumptions will the GOP use?
The corporate tax rate is supposed to go from 35 percent to 20 percent, but how is that paid for? (Is it paid for?)
Does the tax burden shift from corporations to individuals? From richer to poorer Americans?
Is Trump breaking his word that the rich wouldnt get anything from the bill?
This is almost as bad as saying you have a plan to buy a luxury home just not any idea how to pay for it, who will live there, which neighborhood it is located in or the size. In a word, this latest is a stall, yet another failure of governance and leadership on the presidents part designed to shift blame to the Congress when it collapses or proves unpopular.
Its not clear why Trump bothered to do this at all, other than to distract from a string of political and policy failures as well as prevent a full-fledged revolt by donors and activists.
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https://www.washingtonpost.com/blogs/right-turn/wp/2017/09/27/who-are-they-kidding-the-gop-still-lacks-a-tax-bill/?utm_term=.5b1880a8aeee