What is taking so long to get the Trump tax cut cemented into law? Why are Republicans dithering?
We have a president who is surfing on a wave of popularity and a voter mandate to make the tax cuts permanent. We have a Democratic party that is rolled up into a ball of confusion. We have an economy that needs a steroid injection.
We have all the evidence needed to show that the tax cut was an unequivocal success. By the CBO’s own scoring, there has been virtually no revenue loss from the lower tax rates.
With each passing day, Wall Street is getting increasingly nervous that the Republicans are going to screw this up. We are too.
Many of our longtime friends in the House want to hold the tax cut hostage to spending cuts. If Reagan had done that, we never would have gotten his historic tax cut that rebuilt the American economy.
There’s a big ongoing debate about one bill or two bills or three bills. How about making the first bill a stand-alone immediate vote to make the Trump tax cuts permanent? Would any Republican be stupid enough to vote against a bill to prevent a $3,000 tax increase on the average family next year? Would they vote to raise taxes on every business in America? Would they vote to bring back the Alternative Minimum Tax?
Use the current policy baseline Senator Crapo has wisely suggested so there is no revenue loss from the tax cut to score.
Take the tax cut to the bank now. Then work with DOGE to cut the bloated budget later.
It’s easy. To quote the great modern philosopher Spike Lee: Do the right thing.