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Trump Will Not Pay for Proposed Tax Cuts

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“The Trump Administration has no plans to pay for its proposed tax cuts, according to revealing comments made Thursday by top White House officials Gary Cohn and Steve Mnuchin at an Institute of International Finance conference. There will be no border adjustment tax — the trillion-dollar hike on imports raised in Paul Ryan’s plan — nor any other big new revenue generators,” Axios reports.

“Both Cohn and Mnuchin said economic growth would be the primary way to pay for corporate and individual tax cuts, while fewer deductions and tax simplification would also play roles. It is not an opinion that is widely shared by on Capitol Hill, including among Republicans.”

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goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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