Finally! It’s Tax Fantasyland Season Again!

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.


One of the more entertaining aspects of the 2012 presidential race was keeping track of the ever-expanding array of fanciful tax plans from Republicans. Even after Herman Cain announced his absurd 9-9-9 plan, other plans that would cut taxes even more kept coming down the pike. No candidate was willing to give up the mantle of biggest tax cutter.

But that wasn’t the truly entertaining part. The entertainment came from the fact that the candidates were all willing to describe in almost loving detail what they’d cut: capital gains vs. regular income; different tax brackets; precise rates that millionaires would have to pay; and so forth. But when anyone asked which tax deductions and tax credits they’d kill in order to make their plans revenue neutral, they’d blush like schoolchildren and insist that only Congress could make that call. So brave!

Josh Barro reports today that even with only a few candidates yet in the race, Republicans are already tying themselves in knots over taxes:

There are a few ways the 2016 Republican candidates can avoid the Romney middle-class tax trap. They can break with party tradition and abandon the position that there should be significant tax-rate cuts for top earners. They can forthrightly defend the idea that people with low and middle incomes should pay more. They can abandon the promise of revenue neutrality — so a tax cut for the rich does not need to be offset by tax increases elsewhere. They can be as vague as possible.

So far, apparently, the scorecard looks like this:

  • Carson, Cruz and Paul are calling for flat taxes but are taking the classic position that they’ll talk about ways to stay revenue neutral sometime…..in the future. Like maybe the 14th of never.
  • Christie has a slightly modified version of the classic. He won’t talk about how he’ll stay revenue neutral either, but he’s also claiming that he might just let the deficit take some of the hit, which would mean fewer hot-button deductions to eliminate that could wreck his candidacy.
  • Rubio, the boy genius of the Everglades, goes even further, taking what I’ll call the Sam Brownback position: screw the deficit, he says. He’s just going to lower taxes and leave it at that. After that we’re in God’s hands.
  • Finally, Jeb Bush has taken the most unusual position of all: he’s not even talking about taxes. He’s generally in favor of lowering taxes, but that’s as much as he’s willing to say.

That’s only six candidates, and there are many more to come—and we can expect plenty of tax fantasyland from all of them, I think. I mean, can you imagine what Lindsey Graham or Carly Fiorina are going to come up with? The mind reels. With the exception of the poor shmoes at the Tax Policy Center, who have to pretend to take this stuff seriously while they trudge through their analysis of each and every farfetched plan, it should be plenty of fun for the rest of us. Which candidate will come up with the most ridiculous, most pandering plan of all? Your guess is as good as mine.

DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate