Monday, March 13, 2017

Devin Nunes Pontificates and Loses What Little Credibility Remains

See how you feel after you check out Devin Nunes's latest prognostications desperately trying to save Kevin Brady's precious BAT.

He wants our money, and doesn't care that his plan will create epic and unprecedented tax inequities. Peter Roskam told me that the BAT was designed to end inversions, another tax inequity.

So creating new and unprecedented tax inequities that will kill many companies almost instantly are OKAY if the tax "reform" cures other inequities?  This makes no logical sense. And sucks as public policy.

The only plausible explanation is that, regardless of where the dumb idea came from, the BAT is now all about raising revenues.  And that revenue will come from retailers and small businesses, and is expected to pay for tax reductions for everyone else.  And most importantly, it will allow the Republicans to not fumble the ball on tax "reform" with both Houses of Congress and the White House under their control.

Damn the torpedoes, full steam ahead.  Who cares about sparking an inflationary firestorm? Trade wars, no problem!

Listen to Devin Nunes spin, spin, spin.

No comments:

Post a Comment