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Yo_Mama_Been_Loggin

(135,718 posts)
Wed Feb 5, 2025, 08:08 PM Feb 2025

Republicans stare down massive deficits to extend Trump tax cuts

Caught between the debt and their tax base, Republicans are considering some novel ways to account for the cost of their legislative agenda as disagreements over budget cuts look set to hamstring early moves on their tax bill.

Known as working from the “current policy baseline,” the nonstandard accounting method would let Republicans sweep nearly $5 trillion of debt under the rug.

Using that baseline would keep the cost of extending expiring provisions of the 2017 Tax Cuts and Jobs Act out of the bill’s budgetary score, but include the potential benefits of renewing those provisions. Doing so would likely produce a much smaller number by which the tax legislation would add to the deficit.

“That’s a $5 trillion question,” PwC tax expert and longtime Capitol Hill staffer Rohit Kumar told reporters in January, noting the policy baseline method could be used in either a one-bill or two-bill scenario for the Republican agenda.

https://www.yahoo.com/news/republicans-stare-down-massive-deficits-110000424.html

Republican math

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Republicans stare down massive deficits to extend Trump tax cuts (Original Post) Yo_Mama_Been_Loggin Feb 2025 OP
Oh right, they only despise deficit spending when a Democrat is in the White House. tanyev Feb 2025 #1
Kick dalton99a Feb 2025 #2
Current policy baseline NEVER was part of the Klarkashton Feb 2025 #3
They want it all. They want to take back even the lousy... keep_left Feb 2025 #4

keep_left

(3,210 posts)
4. They want it all. They want to take back even the lousy...
Wed Feb 5, 2025, 08:41 PM
Feb 2025

...concessions they had to make in the '60s and '70s.

Carlin had it right. (See 9:12 to the end).

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