Taxing Times

If you believe that tax cuts create jobs and growth, you’re not alone. Almost, but not quite. Even those who would benefit the most from the proposed tax bill aren’t willing to go that far.

This puts the Republicans in the Senate in a terrible bind. They can pass the tax bill which came over from the House, potentially angering their constituents, or they can stop it, angering their donors. They also have the choice between raising the deficit or having a record of getting just about nothing accomplished.

How bad is it for Republicans, already worried about 2018? It’s so bad it’s worse than the Tax Bill itself.

Continue reading

Advertisements