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Republicans to use creative accounting to hide tax cut deficits

“As the House and Senate work to land on a concurrent budget resolution, Congress may consider trying to measure their reconciliation bills relative to a ‘current policy baseline’ in order to mask the debt impact of deficit-financed tax cuts. Assuming this is allowed under budget rules, this would represent a massive budget gimmick that would justify and allow trillions of dollars of new borrowing. A current policy baseline assumes that all policies in place in the current year will continue regardless of scheduled expirations or phase-outs. Advocates argue that a current policy baseline better reflects reality, enables permanent policy that would maximize growth, doesn’t impede Congress’s ability to cut spending, and would remove a bias in favor of spending cuts. These claims are highly problematic,” say the Committee for a Responsible Budget eggheads in a release.

“We should be using ‘current policy.’ We need to avoid a massive, automatic tax increase,” Senator Ron “RonAnon” Johnson told NBC. “That seems like a perfectly rational thing to do, and there shouldn’t be a score.” Johnson supposedly used to be an accountant before leeching taxpayers.

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