Trump Has a ‘Super Clear’ Mandate on Taxes — But Here’s Why It’s Not a Done Deal
Negotiations dangling a lapse in the tax law “would be, I think, a very dangerous path to take, especially if $4 trillion dollars of tax hikes come crushing down on families and Main Street businesses,” said Brady, now spokesman for the Alliance for Competitive Taxation. “Especially because the whole country will know President Trump and Republicans are seeking to extend the current tax relief.”
Brady recalled the Obama administration, when the Bush tax cuts became permanent. “Neither party felt it was in the country’s interest to let those tax cuts expire. I think that will be the same dynamic in 2025.”
A new challenge is the size of the national debt, now up to nearly $36 trillion. As lawmakers determine what’s in, what’s out and what’s paid for, Brady said costs “will be a serious conversation that the White House has with the House and Senate.”