Tax Policy

Trump’s Tax Plan – Kind of Like a Butt Sketch

First, let me acknowledge that Butt Sketch is trademarked by Krandel Lee Newton.  I give him all the well-deserved credit for the term and the concept.  Mr. Newton and his crew of associate Butt Sketchers are famous across the nation now.  About 25 years ago, the Cedar Hill, Texas resident was a bit less well-known when he sketched the lovely Beth McAllister, four friends (whom we saw last weekend), and me.  Beth had agreed that night to be my bride.  We have another of his sketches of the two of us dating some 20 years later and executed at a little party we hosted.   Including our two portraits, Mr. Newton says that he has memorialized over 600,000 backsides.

The Butt Sketch is a charcoal caricature (usually full length) from behind the fully-clothed subjects. The result is a sketch, not a full-blown portrait. It has just enough detail to make the subjects recognizable, if you know them pretty well.

President Trump released a one-page outline of his tax plan on April 26, 2017.  It has just enough detail to recognize it as a tax proposal.  Particulars are meager.

I’ll give President Trump his due.  He fancies himself as a negotiator without peer.  I will not argue that he is a pretty good, if sometimes ruthless, bargainer.  Look at this vague plan as his opening bid.  While the outline hints at some interesting and welcome reforms, the framework he proposes faces opposition from 360 degrees.  It has technical and practical shortfalls, one of the biggest being the apparent ballooning of the national debt: Everybody gets a tax cut, according to the plan.  There are no revenue offsets even hinted.

So, an army of people will be trying to influence, change and add detail to President Trump’s Butt Sketch of a tax plan.  It will be interesting.

VKM

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