The bipartisan Tax Relief for American Families and Workers Act might sound good on the surface. A closer look, however, reveals that the legislation is gimmicky, fiscally irresponsible, and misses a chance to fix work requirements for welfare. And its business tax cuts include retroactive relief alongside pro-growth tax cuts.
To understand the gimmicky nature of how this bill would be “paid for,” imagine you hired a contractor to renovate your house for $80,000, but after a few years, the contractor had charged you $250,000. So you sit down with the contractor to figure out how to stop the financial bleeding.
“I can’t do anything about what I already charged you,” the contractor says, “but lucky for you I’ve found a way to work more efficiently going forward that will save you $80,000 of future charges.”
If you had the audacity to explain to your…
