Republicans Consider Writing Off Tax Cuts

“It’s the accounting maneuver that could break the Senate, upend the federal budget process and explode the national debt,” Politico reports.

“Adopting the ‘current policy baseline,’ as it’s called, could be the only way for the GOP to make Trump’s 2017 tax cuts permanent and avoid painful cuts to federal programs, as well as pile on new income tax exemptions for tips, overtime and Social Security…”

“If lawmakers adopt the change, it would essentially make it appear as though extending current tax rates, set to expire at the end of the year, would cost nothing rather than the roughly $4 trillion over 10 years that nonpartisan scorekeepers estimate.”