So if you don’t want to believe us lefty-lefty folk on the conventionally Republican nature of Donald Trump’s tax plan, let’s go to the ultimate authority:
GOP Presidential candidate Donald Trump released details of his tax reform plan today. It features a system with much lower tax rates than current law, and a broadened tax base for high income earners.
“Trump’s plan is certainly consistent with the Taxpayer Protection Pledge,” said Grover Norquist, president of Americans for Tax Reform. “Trump has said he opposes net tax hikes and has made clear that the real problem is spending. This plan is a reform, not a tax hike.”
The plan is not a tax cut, but is rather intended to be revenue neutral under a dynamic score.
“Dynamic score,” of course, means that it will either result in increased deficits or will have to be offset with spending cuts the candidate would just as soon not share with us at the moment.
It will be fun to watch Bobby Jindal, who put his own state through incredible budget gyrations and gimmicks in order to avoid a thumbs-down sign from Grover, react to this development. I guess he’ll say Trump doesn’t actually mean the fiscal lies he’s telling.
