Why the obvious next step for President Donald Trump and Congress is a fiscal binge – Chicago Tribune
The late William Safire said that as a speechwriter for Richard Nixon, he would sometimes urge the president, "Take the easy way!" Nixon could then give a speech saying he had rejected advice from his aides to take the easy way, preferring to do what was right.
Politicians may pretend to make hard choices, but they rarely do. Those in office now won't be inspired to heroic deeds by the failure to repeal Obamacare. Just the opposite.
The lesson of this episode is that it's hard to reach agreement on taking things away from the voters. The corollary is that it's easy to reach agreement on giving things to the voters. The obvious next step is a fiscal binge that serves the selfish interests of everyone except posterity.
Here's how it may play out: Congressional Republicans pass tax cuts. Democrats join them on a big infrastructure bill. President Donald Trump's proposed spending cuts come to little or nothing. The deficit balloons, and not many people in Washington care.
Robert Bixby, executive director of The Concord Coalition, a nonpartisan budget watchdog, tells me, "There's a political logic to it: 'You get what you want. We get what we want. And the future will pay for it.'" Marc Goldwein, senior policy director of the Committee for a Responsible Federal Budget, agrees: "The risk of irresponsibility is high."
Having lost on overhauling health care, Trump indicated he's ready to move on to tax reform. This choice evoked chortles from skeptics, who say a major revision of the Internal Revenue Service code will be an even harder challenge.
But why assume Republicans will balk at anything short of a comprehensive overhaul? If they can't get that and there is no reason to think they can they will almost certainly settle for tax cuts, even if it means bigger budget deficits. That's been their default option for decades.
Trump couldn't care less about the deficit. So GOP members will meet no particular resistance from him if they want to cut rates, scrap the estate tax or the alternative minimum tax, or increase the standard deduction.
House Speaker Paul Ryan has in mind a border adjustment tax, which would bring in revenue to make up all or most of what the other changes would lose. But neither Trump nor congressional Republicans are likely to approve a measure that would raise consumer prices and be hard to explain. The path of least resistance involves dropping the proposal and not bothering to pay for the tax cuts.
Paying for them holds little allure because it would mean either killing tax breaks cherished by millions of people or curtailing outlays. Trump has proposed some $54 billion in spending reductions, taken from agencies ranging from the Environmental Protection Agency to the National Endowment for the Arts, but those couldn't be used to offset tax cuts. The money saved is supposed to go for Trump's military buildup.
But rest assured, it won't be saved in the first place. "Some of Trump's closest allies said his budget has virtually no chance in Congress," reported The Washington Post. "Even those fiscal conservatives who do want to cut spending don't necessarily think slashing major domestic programs is the answer."
The only other place where spending could be cut much is in the biggest entitlements Social Security, Medicare and Medicaid. But Trump the candidate promised not to go after Social Security and Medicare. Leaving Obamacare alone means Medicaid escaped the ax.
The president should have more luck boosting outlays. He envisions a $1 trillion program aimed at "revitalizing our country's ruined roads, crumbling bridges and outdated airports," White House press secretary Sean Spicer explained. Trump told The New York Times he intends to "prime the pump to some extent. In other words: Spend money to make a lot more money in the future."
It's a classic Keynesian formula with a long Democratic pedigree. Getting bipartisan support should not be a heavy lift. The website Axios reports that House Democratic leader Nancy Pelosi "wants Trump to move quickly on a 'big jobs bill' that includes some corporate and middle income tax cuts coupled with government spending to stimulate growth."
The problem with all this is that it would squander money we don't have, further enlarging our national debt and loading more burdens onto our children and grandchildren. That's not the responsible way, but it is the easy way. And politicians will be eager to take it.
Steve Chapman, a member of the Tribune Editorial Board, blogs at http://www.chicagotribune.com/chapman. Download "Recalculating: Steve Chapman on a New Century" in the free Printers Row app at http://www.printersrowapp.com.
Twitter @SteveChapman13
Read more from the original source:
Why the obvious next step for President Donald Trump and Congress is a fiscal binge - Chicago Tribune
- Drug trafficking: Donald Trump says he is 'okay' with striking Mexico - France 24 - November 18th, 2025 [November 18th, 2025]
- Donald Trump to host Saudi crown prince Mohammed bin Salman at White House - live updates - The Guardian - November 18th, 2025 [November 18th, 2025]
- MBS Has a List of Big Asks for Donald Trump in DC - Bloomberg.com - November 14th, 2025 [November 14th, 2025]
- Timeline of Donald Trump and Jeffrey Epsteins relationship - CNN - November 14th, 2025 [November 14th, 2025]
- 'I am the one able to take him down.' What Jeffrey Epstein said about Donald Trump. - USA Today - November 14th, 2025 [November 14th, 2025]
- President Donald Trump signs the funding bill from Congress that reopens the government - The White House (.gov) - November 14th, 2025 [November 14th, 2025]
- Donald Trump Is a Lamer Duck Than Ever - The Atlantic - November 14th, 2025 [November 14th, 2025]
- Terry McAuliffe: Donald Trump is the Democrats Best Weapon - CNN - November 14th, 2025 [November 14th, 2025]
- Donald Trump May Have Revealed Where Barron Is Living After His Quiet College Transfer - People.com - November 14th, 2025 [November 14th, 2025]
- Eight California Counties Won by Donald Trump Vote Yes on Prop 50 - Newsweek - November 5th, 2025 [November 5th, 2025]
- Donald Trump Reacts After Democrats Win Big on Election Night - Newsweek - November 5th, 2025 [November 5th, 2025]
- Donald Trump Has All-Caps Reaction To GOP's Disastrous Election Night - HuffPost - November 5th, 2025 [November 5th, 2025]
- Donald Trump says rare earths dispute settled after Xi Jinping meeting in South Korea live updates - The Guardian - October 30th, 2025 [October 30th, 2025]
- President Donald Trump attends a dinner in his honor hosted by President Lee Jae Myung of the Republic of Korea - The White House (.gov) - October 30th, 2025 [October 30th, 2025]
- Donald Trump departs South Korea after talks with Xi Jinping - DW - October 30th, 2025 [October 30th, 2025]
- Donald Trump Is the First AI Slop President - WIRED - October 30th, 2025 [October 30th, 2025]
- Donald Trump speaks after Xi Jinping meeting in South Korea live updates - The Guardian - October 30th, 2025 [October 30th, 2025]
- Donald Trump Orders Nuclear Weapons Testing: What To Know - Newsweek - October 30th, 2025 [October 30th, 2025]
- Donald Trump will not be running for a third term in 2028, and it has nothing to do with law or politics - Yahoo - October 28th, 2025 [October 28th, 2025]
- Donald Trump's week in Asia: BBC correspondents on the wins and potential losses - BBC - October 26th, 2025 [October 26th, 2025]
- Kinzinger: East Wing demolition emblematic of how Donald Trump has run his presidency - CNN - October 26th, 2025 [October 26th, 2025]
- Donald Trump's nightmare scenario: A World Series between teams from Canada, California - The Palm Beach Post - October 26th, 2025 [October 26th, 2025]
- Xi Jinping is at his boldest and brashest. How will Donald Trump fare this week? - The Economist - October 26th, 2025 [October 26th, 2025]
- When is Donald Trump going to Malaysia? President set to participate in ASEAN 2025. - USA Today - October 26th, 2025 [October 26th, 2025]
- President Donald Trump attends a roundtable event launching the Homeland Security Task Force - The White House (.gov) - October 24th, 2025 [October 24th, 2025]
- Donald Trump sued over East Wing demolition: What to know - FOX 5 DC - October 24th, 2025 [October 24th, 2025]
- Donald Trump Is Expected to Name the New White House Ballroom After Himself: Report - People.com - October 24th, 2025 [October 24th, 2025]
- Jon Stewart Dubs Donald Trump the Imitation Crab of Kings on The Daily Show - Rolling Stone - October 21st, 2025 [October 21st, 2025]
- Diplomatic triumph or capitulation? Albanese found Donald Trump in a heavenly mood but the devil may be in the detail - The Guardian - October 21st, 2025 [October 21st, 2025]
- Donald Trump Gets Federal Court Win Over National Guard in Portland - Newsweek - October 21st, 2025 [October 21st, 2025]
- Kenny Loggins Slams Donald Trump for Using Danger Zone Song With the Sole Purpose of Dividing Us - The Hollywood Reporter - October 21st, 2025 [October 21st, 2025]
- These DOJ attorneys charging Donald Trump's critics with crimes have this is common - MSNBC News - October 19th, 2025 [October 19th, 2025]
- Xi Jinping is preparing to go toe to toe with Donald Trump and there will only be one winner | Simon Tisdall - The Guardian - October 19th, 2025 [October 19th, 2025]
- Donald Trump mocks 'No Kings' protests with AI video of himself dropping brown sludge on protesters from jet - Sky News - October 19th, 2025 [October 19th, 2025]
- Donald Trump is not on the ballot, but hes a major factor in the November elections - CNN - October 19th, 2025 [October 19th, 2025]
- Ben Shapiro: Donald Trump, the peace president - Grand Forks Herald - October 19th, 2025 [October 19th, 2025]
- Bette Midler roasts Donald Trump in 'Wind Beneath My Wings' parody for Stephen Colbert - USA Today - October 17th, 2025 [October 17th, 2025]
- What Donald Trump gets right in the Middle East - The Economist - October 17th, 2025 [October 17th, 2025]
- Gaza Update: Donald Trump Issues Fiery New Warning to Hamas - Newsweek - October 17th, 2025 [October 17th, 2025]
- Private numbers of Australian PM and Donald Trump Jr listed on website - BBC - October 15th, 2025 [October 15th, 2025]
- The shutdown, Donald Trump approval, ICE, the economy, the DOJ, and conversion therapy: October 10 - 13, 2025 Economist/YouGov Poll - YouGov - October 15th, 2025 [October 15th, 2025]
- President Donald Trump lands at Israels Ben Gurion Airport for whirlwind visit - The Times of Israel - October 13th, 2025 [October 13th, 2025]
- China tries shock-and-awe on Donald Trump - The Economist - October 13th, 2025 [October 13th, 2025]
- As Donald Trump heads to Gaza peace summit in Egypt, who is going and who isnt? - The Guardian - October 13th, 2025 [October 13th, 2025]
- Donald Trump scrambles to seal the deal in Gaza - The Economist - October 13th, 2025 [October 13th, 2025]
- Donald Trump Says He Doesn't Think He's 'Heaven-Bound' After Fundraising for Help Getting There - People.com - October 13th, 2025 [October 13th, 2025]
- Donald Trump, 79, Admits He Might Not Get Into Heaven - The Daily Beast - October 13th, 2025 [October 13th, 2025]
- Donald Trump Flies to Israel and States: The War Is Over - Newsweek - October 13th, 2025 [October 13th, 2025]
- Donald Trump jokes about his eternal fate: 'I think I am not maybe heaven-bound' - Washington Times - October 13th, 2025 [October 13th, 2025]
- Donald Trump Returned to Hospital for More Heart Tests 3 Months After Diagnosis, Physician Reveals - People.com - October 11th, 2025 [October 11th, 2025]
- President Donald Trump is in exceptional health, his doctor says, after visit to Walter Reed - AP News - October 11th, 2025 [October 11th, 2025]
- Live updates: Donald Trump says mass government layoffs will be 'Democrat-oriented' - The Hill - October 11th, 2025 [October 11th, 2025]
- A euphoric Donald Trump wins a breakthrough in the Middle East - The Economist - October 9th, 2025 [October 9th, 2025]
- Donald Trump calls Bad Bunny absolutely ridiculous choice for Super Bowl halftime show - The Athletic - The New York Times - October 9th, 2025 [October 9th, 2025]
- Donald Trump To Undergo Checkup This Week: What to Know - Newsweek - October 9th, 2025 [October 9th, 2025]
- Supreme Court Could Give Donald Trump the Power to Fire People at Will - newsweek.com - October 7th, 2025 [October 7th, 2025]
- Donald Trump, the Sports Fan - The New York Times - October 7th, 2025 [October 7th, 2025]
- President Donald Trump's approval rating by state as of October 2025 - Yahoo - October 7th, 2025 [October 7th, 2025]
- Opinion | Who Is Donald Trump Responsible To? - The New York Times - October 4th, 2025 [October 4th, 2025]
- Donald Trump Is Putting His Face on Both Sides of a New Coin. U.S. Treasury Reveals 'First Drafts' - People.com - October 4th, 2025 [October 4th, 2025]
- Donald Trump administration seeking to federalize 300 Illinois National Guard members amid Chicago ICE raids: Gov. JB Pritzker - ABC7 Chicago - October 4th, 2025 [October 4th, 2025]
- Donald Trump Is Making a Mistake That Blew Up in Thomas Jeffersons Face - Politico - October 4th, 2025 [October 4th, 2025]
- Donald Trump and the Aggressive Pursuit of a Nobel Peace Prize - Bloomberg.com - October 4th, 2025 [October 4th, 2025]
- President Donald Trump and Israeli Prime Minister Benjamin Netanyahu hold a joint press conference announcing the U.S. peace plan for Gaza - The White... - October 2nd, 2025 [October 2nd, 2025]
- Are Donald Trump Dementia Searches Being Blocked by Google? What To Know - Newsweek - October 2nd, 2025 [October 2nd, 2025]
- Donald Trump Vows to Use Shutdown to Clear Out Dead Wood - Newsweek - October 2nd, 2025 [October 2nd, 2025]
- Donald Trump tries to enlist the top brass for the war from within - The Economist - October 2nd, 2025 [October 2nd, 2025]
- President Donald Trump meets with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir of Pakistan - The White House (.gov) - September 28th, 2025 [September 28th, 2025]
- Why Donald Trump is obsessed with Portland - Politico - September 28th, 2025 [September 28th, 2025]
- Donald Trump says he is deploying troops to Portland, Oregon - The Guardian - September 28th, 2025 [September 28th, 2025]
- Autistic people could teach Donald Trump a thing or two about focus, facts and empathy | Rhiannon Lucy Cosslett - The Guardian - September 28th, 2025 [September 28th, 2025]
- Donald Trump Keeps Finding New Ways to Shock the World - The New Yorker - September 25th, 2025 [September 25th, 2025]
- Donald Trump is trying to silence his critics. He will fail - The Economist - September 25th, 2025 [September 25th, 2025]
- Donald Trump administration working to stop Israel being banned from 2026 World Cup after UN plea - The Athletic - The New York Times - September 25th, 2025 [September 25th, 2025]
- Donald and Melania Trump Spotted in Animated Conversation on Marine One as First Lady Shakes Her Head - People.com - September 25th, 2025 [September 25th, 2025]
- Donald Trump heads to the Ryder Cup, embraced by a golf world that once shunned him - AP News - September 25th, 2025 [September 25th, 2025]
- Donald Trump is raising the stakes for holding power - The Economist - September 25th, 2025 [September 25th, 2025]
- Statue of Donald Trump and Jeffrey Epstein Shaking Hands Mysteriously Appears in D.C. - ARTnews.com - September 23rd, 2025 [September 23rd, 2025]
- The MAGA Movement Is Ready to Dump Donald Trump. Heres His Replacement - The Daily Beast - September 23rd, 2025 [September 23rd, 2025]
- What is Antifa and why is Donald Trump targeting it? - BBC - September 23rd, 2025 [September 23rd, 2025]