A Tax Plan That Befits the 'King of Debt'

“I am the king of debt,” Donald Trump famously boasted during last year’s campaign. On Wednesday, the president is going to set about proving it—but perhaps not in the way he originally meant.

All indications are that the tax plan the White House is slated to unveil will include what Trump has cut in the rate that corporations and many small businesses pay to the government. But it will omit the more politically painful choices that Republicans would need to make to offset the correspondingloss of revenue, such as HouseSpeaker Paul Ryan’s proposed tax on imports or the elimination of popular deductions for charitable giving and homeowners. The result is a tax plan that, like the ones Trump offered as a candidate, could add trillions of dollars to the national debt. You can call