After setbacks with repealing ObamaCare, Republicans are having similar difficulties coming together on legislation dealing with comprehensive tax reform. As the clock ticks on Trump’s first 100 days, discussion has circled back to a so-called “candy option” during ongoing negotiations.
Spending money they don’t have. https://t.co/0ONgZ02Pqq
— Salon (@Salon) April 17, 2017
As Axios puts it, the candy option is “all the goodies, with none of the pain”. In short, the Republican Congress plans to propose tax changes that are easy to sell, such as lower personal and corporate tax rates, without having to inflict pain by implementing changes that make up for the lost revenue from the goodies. The result would be a huge increase to the federal deficit. The commitment to reducing the budget deficit seems to be a priority for Republican leadership so long as Obama or Democrats are in office, but that orthodoxy seems to have flown out the window as soon as President Trump was sworn in.
— The Daily Caller (@DailyCaller) April 13, 2017
A Republican lobbyist summed it up this way, “It’s something they can pass. We need to junk our current tax code for one more suited to the modern economy. But the ability to accomplish that goal just isn’t there.”