acesfull86
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https://reason.com/2024/08/01/trump-and-harris-are-just-making-it-up-as-they-go/
A few minutes before 10 a.m. on Wednesday, former President Donald Trump dropped a plan to completely overhaul the relationship between millions of older Americans and the federal government.
"SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY," Trump shouted from his Truth Social account.
If implemented, that would be a hugely expensive policy change. According to one quick estimate by a former White House chief economist, it would reduce federal revenue by $1.5 trillion over 10 years and would add $1.8 trillion to the national debt. (The extra cost is the result of interest on the new debt that would be racked up in the absence of that revenue.) It would also accelerate Social Security's slide into insolvency. And, obviously, it would be a big tax break for Americans who collect Social Security checks—but not a tax break that would be particularly good at fostering economic growth.
Despite all that, the most notable thing about Trump's announcement was what it didn't include. There was no attempt to reckon with those figures, for example. No surrogates were dispatched to explain why this change is necessary or good for the economy or country. No press releases went out. There was, of course, no attempt to explain what government programs would be cut to offset the drop in revenue. For that matter, there had been no discussion of this idea at the Republican National Convention. It was not mentioned in Trump's (long) acceptance speech and was not included in the party's platform.
Like so much else in the Trump era, this looks like an idea that went from the former president's head to his social media account with very few stops in between.
…
Coming as it did on Wednesday morning, the "no taxes on Social Security" plan stood in stark contrast to the news the Trump campaign had made just one day earlier. On Tuesday, Trump's campaign had officially (and gleefully) sunk the Heritage Foundation's "Project 2025"—a 900-page document in which the conservative think tank had outlined an extensive policy plan for Trump's prospective second term. The project had been headed by Paul Dans, who had served in the Trump administration, and was central to the institutional-wide pivot toward populism that Kevin Roberts, Heritage's president, had executed in recent years.
In a statement, two of Trump's top campaign officials didn't merely bury Project 2025 but also issued a threat.
"Reports of Project 2025's demise would be greatly welcomed and should serve as notice to anyone or any group trying to misrepresent their influence with President Trump and his campaign—it will not end well for you," said Susie Wiles and Chris LaCivita.
Translation: How dare anyone try to substitute actual policy substance for whatever random thought might fall out of the former president's head on a Wednesday morning?
A few minutes before 10 a.m. on Wednesday, former President Donald Trump dropped a plan to completely overhaul the relationship between millions of older Americans and the federal government.
"SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY," Trump shouted from his Truth Social account.
If implemented, that would be a hugely expensive policy change. According to one quick estimate by a former White House chief economist, it would reduce federal revenue by $1.5 trillion over 10 years and would add $1.8 trillion to the national debt. (The extra cost is the result of interest on the new debt that would be racked up in the absence of that revenue.) It would also accelerate Social Security's slide into insolvency. And, obviously, it would be a big tax break for Americans who collect Social Security checks—but not a tax break that would be particularly good at fostering economic growth.
Despite all that, the most notable thing about Trump's announcement was what it didn't include. There was no attempt to reckon with those figures, for example. No surrogates were dispatched to explain why this change is necessary or good for the economy or country. No press releases went out. There was, of course, no attempt to explain what government programs would be cut to offset the drop in revenue. For that matter, there had been no discussion of this idea at the Republican National Convention. It was not mentioned in Trump's (long) acceptance speech and was not included in the party's platform.
Like so much else in the Trump era, this looks like an idea that went from the former president's head to his social media account with very few stops in between.
…
Coming as it did on Wednesday morning, the "no taxes on Social Security" plan stood in stark contrast to the news the Trump campaign had made just one day earlier. On Tuesday, Trump's campaign had officially (and gleefully) sunk the Heritage Foundation's "Project 2025"—a 900-page document in which the conservative think tank had outlined an extensive policy plan for Trump's prospective second term. The project had been headed by Paul Dans, who had served in the Trump administration, and was central to the institutional-wide pivot toward populism that Kevin Roberts, Heritage's president, had executed in recent years.
In a statement, two of Trump's top campaign officials didn't merely bury Project 2025 but also issued a threat.
"Reports of Project 2025's demise would be greatly welcomed and should serve as notice to anyone or any group trying to misrepresent their influence with President Trump and his campaign—it will not end well for you," said Susie Wiles and Chris LaCivita.
Translation: How dare anyone try to substitute actual policy substance for whatever random thought might fall out of the former president's head on a Wednesday morning?
