Rationales for this + Bush 2 strike me as basically the same. Economy is in disappointing recovery; they say this will supercharge. Debt is rising; they say this won’t exacerbate.
I absolutely agree that tax cuts are the policy glue that binds GOP. But this one is new. Reagan cuts were supposed to end stagflation. Bush 1 was to return part of surplus. Bush 2 was to jolt post 9/11 economy. Trump cuts come w/ rising deficits, strong economy.
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True, but Bush 2 was much smaller & GOP was mindful of deficit impacts. Much of the package was merely accelerating phase-ins of Bush 1 income tax cuts, so minimal long-term deficit consequences.
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It is simply tax cuts and willful ignorance multiplied together. There is no place in the GOP for anyone who is capable of thinking about the long-term results of a particular tax cut in the real world.
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Shorter Weisman: Trump cuts help the Trumps and fucks everyone else.
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Trump cut is supposed to satisfy GOP greed
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That's why a tax reform which only closes loopholes and preserves the revenue by lower rate would have been the way to go.
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It’s a formula for disaster
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Along with today’s epic voting *process*, expect a big increase in the NYC
#homeless population, next year.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Upside down world.
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I will pass the vision, world economic moment totally favorable, GOP takes as personal asset, and is not, reflecting the post-crisis reforms 2008, so give back the favor to those who helped him to elect, and leaves an armed bomb for the next presidents!
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