Also, a point I made in another thread, the spending cuts have to be incredibly quick and substantial.
Tax reform is the most important thing that happens this year. If we get to 12/31/2025 without legislation, it’s an immediate tax increase on the middle class that’s already been getting its ass kicked for 4+ years. We aren’t in campaign season so don’t have to pretend TCJA was “tax cuts for the rich.” The middle class will get clobbered.
That said, there are “deficit hawk” hold outs that are taking unrealistic positions when it comes to spending cuts in the tax package.
Hopefully by quickly cutting a significant amount of waste, the “deficit hawks” that view tax cuts as spending can be strong armed into a position they need to get to for realistic tax legislation.
Taking a scalpel to government spending and being patient with the wasteful employees (who would resist spending cuts) would not provide that opportunity.
Tax reform is the most important thing that happens this year. If we get to 12/31/2025 without legislation, it’s an immediate tax increase on the middle class that’s already been getting its ass kicked for 4+ years. We aren’t in campaign season so don’t have to pretend TCJA was “tax cuts for the rich.” The middle class will get clobbered.
That said, there are “deficit hawk” hold outs that are taking unrealistic positions when it comes to spending cuts in the tax package.
Hopefully by quickly cutting a significant amount of waste, the “deficit hawks” that view tax cuts as spending can be strong armed into a position they need to get to for realistic tax legislation.
Taking a scalpel to government spending and being patient with the wasteful employees (who would resist spending cuts) would not provide that opportunity.