Today’s Boring Policy Number: 16%

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Remember all that stuff about how Donald Trump’s tax plan treats pass-through income? (Quick refresher here if you don’t.) Apparently the Tax Foundation gave up on getting a straight answer about how this works, so they’re now giving two estimates of the impact of Trump’s plan. If we assume he’s going to keep the low pass-through rate—the one that would benefit his own businesses—they figure his plan would create a whopping 215,000 new jobs per year over the next decade. And that’s with lots of dynamic scoring pixie dust sprinkled around.

In other words, I think we can safely say that Trump’s plan would create approximately zero jobs. However it would blow a huge hole in the deficit (about $6 trillion without pixie dust) and it would be a huge windfall for the rich, increasing their after-tax income by a whopping 16 percent. And make no mistake: unlike a lot of Donald Trump’s fanciful ideas, a Republican Congress would be delighted to pass something like this. And they’d do it in a way that couldn’t be stopped by a filibuster.

Once again, I get it. This is BORING. It’s policy stuff. Ugh. We really don’t want a bunch of dull numbers like this mucking up our beautiful front pages or our lovingly hand-crafted nightly news programs. That’s why I kept this post short.

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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