President Trump said he would release new details about his plan to overhaul the tax code on April 26, a sign that he is accelerating one of his most ambitious campaign promises even though key details remain very closely held.
As much as one can closely hold something that doesn’t exist.
“We’ll be having a big announcement on Wednesday having to do with tax reform,” Trump said Friday while visiting the Treasury Department. “The process has begun long ago but it really formally begins on Wednesday.”
Addressing Treasury Secretary Steven Mnuchin, Trump said, “So, go to it.”
tRump’s management style in a nutshell – Walk into the room, babble, tell an underling to start doing something they’ve been doing in a terse word blurt, and then go play golf.
Earlier Friday, Trump told the Associated Press in an interview that the tax cuts he would propose would be “massive” and perhaps the biggest of all time.
Just like his yuge bigly hands.
Wednesday’s announcement isn’t expected to be a specific legislative proposal, but the plan is to provide more details than what the White House has issued so far, a senior administration official said.
Republicans set subterranean bar for themselves. Water is wet, fire is hot, and so on and so on.
If the tRump administration had any semi-demi-hemi competent people on board, I’d be open to the argument that announcing a new tax plan the same week Congress edges closer to another government shut down was some sort of crafty political theater. But it doesn’t, so I know this is just another example of Napoleorange deciding to play at being president for a few seconds.
Trump has said a big tax cut will boost economic growth, help companies invest, and lead to more job creation.
Republicans claim giving more money to people who already have most of the money will make the Invisible Hand rub a thick layer of money all over America. Deserts are dry, ice is cold, and so on and so on.
And now, the punchline.
Mnuchin said on Thursday that the tax cuts would essentially pay for themselves because there would be so much economic growth that it would bring in new revenue to the Treasury Department.
Just like the invasion of Iraq would pay for itself and the promised border wall would be paid for by Mexico.
I suppose if tRump’s attempts to force through funding for the wall doesn’t work out, the biggest tax cut ever in the history of tax cuts will include a Wall Tax.