"Let's say they do the tax cut, but then the administration proceeds with protectionist policies, like pulling out of NAFTA," he said. "The latter would damage GDP growth, but it wouldn't be the fault of the tax cut."
"It's a sneaky political move. It's a hidden tax increase that will be invisible to voters," said Chris Edwards, director of tax policy studies at the Cato Institute and editor of DownsizingGovernment.org. "There'll be no newspaper story explaining there's a tax increase every year, but that's essentially what this will be."