Tax Reform Under Trump 2017

[ineffablebob]

The Republicans Are What We Thought They Were

Because this is the Republican formula:

1. Pass massive tax cuts for the top 1 percent.
2. Run up the deficit.
3. A year or two later go, “Oh my God, look at the deficit! This proves that spending is just out of control!”
4. Start taking the axe to entitlement programs and the domestic discretionary budget.

…

And so a Democrat may well get elected in 2021, inheriting a mess from Trump. A deficit. Maybe a bad economy. And it will be on the Democrat to fix it again. And he or she will. But only to a point. The Republicans, then in opposition, will obstruct and not allow the next Democrat to really fix things, because Republicans will know deep down that public investment would fix the economy, but they’ll rail against it on the grounds that it will… increase the deficit! So they will try to engineer things so that the recovery is tepid, so they can get the Democrat out and cut taxes for the rich one more time and balloon the deficit and start the whole grim process again.