Republicans began their push to reshape the tax system by promising to make their reforms revenue neutral. But tax cuts are easy to hand out, while closing loopholes takes a bit more spine. Changes in taxing and spending policy certainly can affect the rate of economic growth. Following that, Republicans will work on budget outlines that set broad taxing and spending goals. No GOP plan that proposes tax cuts without fully offsetting loophole cuts or spending reductions should be taken seriously.

Source: Washington Post September 23, 2017 22:07 UTC