Trump Plans Quote of the Day

Ten-Year Change in Fiscal Metrics by Candidate (Trillions of Dollars)

Scott Sumner states:

Trump is the first post-modern candidate, the first to understand that truth is what the voters let you get aways with, and that the multiverse offers the possibility of achieving seemingly irreconcilable aims.

That is in response to Trump simultaneously stating his plans to both cut taxes and keep them the same when speaking to different interest groups.

The same is true in the realm of tax policy.  Trump’s new tax proposal, recently unvailed, eliminates the earlier proposal for a sharp cut in business taxes on passthrough entities.  But the new proposal also maintains the earlier proposal for a sharp cut in business taxes on passthrough entities (which cuts the top rate for family businesses from 40% to 15%).  Isn’t that impossible?  Not at all.  The elimination of the tax cut only applies to the deficit hawks at the Tax Foundation, who estimate the cost to the federal budget.  The proposed giveaway to big developers still applies to business associations.