What Sen Republicans Are Actually Trying To Do With Their Tax Cut Magic Math

Senate Republican leadership released the legislative text for their second attempt at a budget resolution Wednesday afternoon, signaling that despite several points of contention within the party, they might have the votes to pass a so-called compromise blueprint.

The newly released budget resolution indicates that the Republican leadership is plowing ahead with their plan to utilize an unprecedented “budget gimmick” to make portions of the 2017 Trump tax cuts permanent.

The text of the resolution suggests Republicans plan to make up their own numbers and cost estimates as a way of shoehorning in the “current policy baseline,” in order to zero out the nearly $4 trillion cost of their tax cuts and claim on paper that the extension will be costless, budget and tax experts told TPM. That math trick means Republicans may be able to avoid the reality of the huge offsets taxpayers will ultimately pay over time for the Trump tax cuts making it possible for them to bypass a Senate rule that guards against increases to the deficit in any year beyond the 10-year budget window.

Sen. Raphael Warnock (D-GA) called Senate Republicans’ attempt to fudge the numbers, “cheap, shameless, embarrassing.”

https://www.yahoo.com/news/engaged-trickery-sen-republicans-actually-174237273.html