Mnuchin said that a clean increase with no extra partisan provisions would be desirable, exactly what you would expect him to say. The timing however, was a bit of a surprise as earlier guidance had been that Congress had until October. The problem is that Treasury Department data shows tax receipts coming in much weaker this year than they had last year.

That’s the kind of thing that normally happens amidst large-scale job losses or a recession, but we’re not in a recession. Instead the problem seems to be that high-income taxpayers who have some ability to time when they receive taxable income are deliberately stalling.

The reason for the stalling is that the Trump administration keeps saying it’s about to pass a tax cut: On Thursday Trump said his tax bill is “moving along in Congress” and “doing very well” there even though no such bill exists. So people want to receive their income after the tax cut, when rates are lower.

So actually the hed's wrong: they're not delaying estimated payments but rather deferring realized income. Fuck 'em anyway.

After 5 years, the Kansas legislature has undone Brownback's trickle-down tax experiment with a veto override.
https://twitter.com/by_jmiller/status/87228406850…