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Trump: Tax plan coming in the next few weeks
Freakouts happen quickly. Overhauling an entire tax code takes a little longer.
We dealt with this same thing last week with regard to ObamaCare. Trump has now been president for 24 days, and because he hasn't rolled out his comprehensive plan to overhaul every aspect of the status quo, people are freaking out that it's never going to happen. In recent days much of the panic has focused on taxes, which prompted Trump to tell airline executives during a meeting on Thursday that they should expect something soon:
President Donald Trump, facing doubts about the speed of his promised tax reform, said Thursday he will announce a plan in a few weeks.
In a meeting with U.S. airline executives, Trump spoke again on removing regulations for American businesses.
"Lowering the overall tax burden on American business is big league ... that's coming along very well. We're way ahead of schedule, I believe. And we're going to announce something I would say over the next two or three weeks that will be phenomenal in terms of tax," Trump said.
In a press briefing on Thursday, White House spokesman Sean Spicer told reporters that Trump realizes middle-class Americans need tax relief and that the U.S. needs "fundamental comprehensive tax reform."
It just astonishes me that we're talking about "doubts about the speed" of anything when the guy has been in office less than a month. He hasn't even got his entire cabinet confirmed, and the task of doing so is taking up a lot of the Senate's time - before they can even think about putting the focus on making major legislative changes. Yet Trump is supposed to have already worked out how he's going to overhaul the Leviathan that is the federal tax code?
One approach, I suppose, would be to rush through these proposals so you could say that you did it quickly. That seems to be the way they approached the immigration travel halt order. How do you feel now about the speed with which they brought it forth? Not so good, huh?
My guess would be that Trump prefers to at least do some preliminary consultation with House and Senate leaders before he comes out in public and declares to all the world how he wants the reform to look. That makes more sense than going solo only to find out you're nowhere near on the same page as Congress. What do you prefer, exactly? That Trump try to steamroll his own party to demonstrate how quickly he can work? Or that they work together to get it right and pass something that actually helps solve the nation's economic problems?
I'm all for boldness, but when we're talking about major legislative changes to existing policy, I really don't see why it matters if they get it done in the first few weeks of Trump's presidency or if it takes the entire year. The legislative calendar is going to be awfully jammed up with all the priorities we're talking about, and that's going to require a lot of commitee hearings and so forth. As much as you want to think they can just ram this through in a few weeks, it will take time to make all this happen and get it right.
So be on the lookout for that Trump tax announcement in the next week or two, but do keep in mind that it's only the start of a process that might take awhile. Hang in there.
Dan's new novel, BACKSTOP, is a story of spiritual warfare and baseball. Download it from Amazon here!