From Jon Perr at PERRspectives:
“You can fool some of the people all of the time, and that’s our target market.” That perversion of Abraham Lincoln’s timeless adage might as well be the slogan of the modern Republican Party, especially when the topic is taxes. After all, the Congressional Budget Office (CBO), the Joint Committee on Taxation, (JCT), the Wharton School, the Tax Policy Center and a host of think tanks have concluded that the GOP tax bill will produce between $1 trillion and $1.5 trillion in additional debt over the next decade. But if “tax cut pay for themselves” is a cynical myth designed to force deep spending cuts in the future, so too is the notion that the “Tax Cuts and Jobs Act” (TCJA) produces either tax relief or jobs for lower- to middle-income Americans.