09/19/2024 --dailykos
Each time he steps on a stage, Republican presidential nominee Donald Trump seems to flip-flop on tax policy. Most recently, Trump declared that he would “get SALT back,” referencing a once-unlimited deduction on state and local taxes that was capped at $10,000 by ... Donald Trump’s Tax Cuts and Jobs Act.Republicans like to pretend to care about fiscal responsibility, but that pretense is getting hard to maintain in the age of Trump. The tax cuts he signed only a few months into his term in 2017 blew a much larger hole in the budget than had been predicted. Extending that cut would create an explosive deficit over the next decade.Now the top Republican and tax writer on the Senate Finance Committee has a new plan for how to deal with the havoc Trump is creating with his ongoing gifts to billionaires and nonstop campaign promises: Just ignore it.