And of course, this bill includes some serious incentives for corporations to move jobs overseas.
Um, wasn’t reversing that process one of Trump’s big selling points?
Wasn’t that supposedly a big part of the ‘economic anxiety’ that was generating so much of Trump’s blue-collar support?
So: why aren’t Trump’s supporters demanding that he veto this pile o’ crap, and why isn’t Trump himself pledging to do so?
Economic anxiety, my ass. From the POV of Trump and his supporters (forget the Republicans in Congress and their donor class), this is all about sticking it to Dems and liberals and stuff. They know who they hate, and they want those people to get it good and hard.
I don’t see what the problem is. He’s just going to not pay it, and insist that the lenders eat it. Problem solved! This is why we elected a bone fide businesscritter to the WH.
I think that by this point, all parties on all sides have pretty much officially given up on paying down the national debt. It was tough enough at the turn of the millenium; now with $14 trillion(?) added by Bush and Obama, the last nail’s in the coffin.
Going into debt is not a bad thing. People and business go into debt all the time.
It is when you go into debt, and have nothing to show for it that is a problem.
Spending on infrastructure is an investment, spending on healthcare, especially for children, is an investment, returning tax dollars from those in the bottom 2 quintiles where they then spend that money in the economy, improving their lives and increasing demand is an investment.
Tax cuts for the wealthy is a luxury, one that does not leave us anything to show for the monies spent.
I don’t think that’s true at all. Right now the Democrats can’t do anything about the deficit and the Republicans don’t want to. The next time the Democrats are in power I expect them to do something about lowering the deficit, and for the Republicans to say they’re not doing enough.
Anyone have a recommended reference summary of the bill in its current state? The ones I have haven’t been updated since the house and senate passed different version.
I asked the same question earlier. It sure would be nice to have a detailed understanding of the bill before the end of the year so we can do some tax planning. AFAICT, I’m going to see my tax bill jump by about $18K next year. But that’s just a rough estimate-- I don’t have enough info really get an accurate accounting.
The Republicans claim there is no need because the MiracleGroRocketFuelTaxCut[tm] will pay for itself. The Democrats should hold them to that (“…well, then, will all that new revenue about to come in there’s no need to cut any programs then, eh wot?”)
Readers of Ayn Rand’s Atlas Shrugged can’t help but notice similarities between today’s GOP and Rand’s description of the “looters” who would use the government to line their pockets with the money of the citizens. (These people were different from “moochers”, who were your basic ordinary right-wing welfare cheat.)
In this analogy, Paul Ryan is Wesley Mouch, the man who directed the government largesse.
