GOP Wants $4 Trillion Tax Cut to Look Like Nothing

Wall Street Journal: “Republicans are readying an untested and aggressive move—a blatant gimmick, critics say—that would declare that Congress can extend expiring tax cuts and record no costs. House Republicans didn’t attempt the maneuver in the budget they passed this week. Key GOP senators are eager to try it.”

“Their push would likely lead to a high-profile Senate vote over a $4 trillion accounting question with significant implications for how deeply and permanently Republicans will cut taxes.”

“First, it makes a $4 trillion tax cut over a decade look like $0, which could be easier to sell to lawmakers and voters. Second, in the arcane Senate budget procedure world, declaring tax-cut extensions free opens Republicans’ easiest path to making President Trump’s expiring tax cuts permanent.”