Check out John Lawrence’s take down of the newly passed tax legislation, or as he describes it a “sick joke”.
Well, well, here comes the tax bill, all tied up in a nice red bow for Christmas. That’s “red” for the deficits its authors admit it will create (not to mention the much larger ones every other economist predicts it will generate). Also “red” as in “red-faced” for the duplicitous behavior of those behind this irresponsible law.
Not that the outcome was ever in doubt. As I have written before, tax cuts – especially for the wealthy and corporations – are the sine qua non of Republican governance: the essential reason the circus that is the Trump-McConnell-Ryan Express rolled into town. Unlike efforts to repeal the Affordable Care Act, the “affected industry” in this case was gung-ho for passage, a sentiment shared by something around 25% of the rest of the country.
There is a certain absurdist quality to the intensity and obsessiveness surrounding passage of the tax bill. After…
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