The Wall Street Journal, via Political Wire:
Republicans … are scouring the tax code, searching for ways to offset the deep rate cuts they desire. But their proposals for border adjustment—which would tax imports—and for ending the business interest deduction and making major changes to individual tax breaks for health and retirement have all hit resistance within the party. The only big revenue-raising provision with anything close to Republican consensus is repealing the deduction for state and local taxes, and that idea faces objections from blue-state lawmakers in the party.
Prepare for the return of massive budget deficits because of unneeded tax cuts, which is the one thing this Congress and its president will hasten into law. As long as Trump is in office Republicans will dismiss as innocuous that for which they vilified Obama — the growing national debt. They will, however, resume denouncing deficits and debt as the nation's most contemptible atrocities once a Democrat returns to the White House in 2021.
This is but a public service reminder about that which everyone has known for nearly 50 years, and for just as long has given the GOP a pass. And so the party persists in its familiar hypocrisy. Why not?