Republicans feared that trying to pay for their tax cuts by shifting to the highly uncertain dynamic scoring may not be enough. So they are further trying to rig the system with baseline games and make permanent tax provisions outside tax reform.
Sen. Schumer urged Congress to craft a stricter definition of inversion and enact a ban on "earnings stripping." Earnings stripping? You'll love this. Earnings stripping refers to a practice by which a foreign-based parent corporation loans large sums to -- wait for it -- itself.
My CBPP colleague Chuck Marr flags something important from a recent press release by Rep. Dave Camp, the Republican Chair of the tax writing committee in the House. In just a few words, the Congressman manages to make some truly scary assertions.
The public's mood, despite years of attempts by most Republicans and many Democrats to placate them, is distinctly populist. And much of that populist sentiment is directed toward the financial institutions which have so badly damaged our economy.
Even when Republicans weren't shooting at their own feet this week, it appears they were conducting a circular firing squad instead. The 2014 campaign, in other words, is off to a raucous start... and it's only February.
If their boldness inspires President Obama and our nation to comprehensively reform and rebalance our federal fiscal framework in a manner fulfills its core commitments while nurturing economic vitality, they will have truly hit it out of the park.