Monday, April 17, 2017

Trump isn't much for selling the public on trade-offs. Rewriting the tax code depends on it - LA Times

Trump isn't much for selling the public on trade-offs. Rewriting the tax code depends on it - LA Times

One of the biggest stumbling blocks to President Trump’s failed efforts at passing a healthcare bill turned out to be his own words — promises of insurance for everyone, lower costs and better care — which can’t all be achieved at the same time.

For a president who likes to make gold-plated policy sales pitches, Trump’s next attempt at a major legislative achievement poses an even stiffer challenge. Overhauling the tax system, perhaps more so than the healthcare system, cannot be done without creating winners and losers.

And Trump, even more than typical politicians, dismisses the notion that he needs to sell the public on making trade-offs, often promising that changing laws will be “beautiful” and “so easy,” and that compromises made in the past were the result of “stupid politicians” who forged bad deals.

Yet rewriting the tax laws depends on a strict diet of tough choices. Want to lower tax rates for everyone without killing popular deductions or driving up the deficit? Good luck. Want to raise money with a consumption tax without hiking prices at Wal-Mart? Nice try.

  

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