Congress has passed its tax bill. It provides tax cuts for the top 1% by permanently cutting only corporate tax rates, and it takes away the insurance mandate required by the Affordable Care Act to boot.
Congress says on one hand that the cuts will not increase the national debt, because the middle class individual tax cuts will expire. It says on the other hand that it provides a middle class tax cut, because those cuts will be made permanent before they expire. And on the third hand, it says the tax cuts will pay for themselves in the meantime, something Kansas and the rest of history has shown will never happen.
These tax cuts are so unpopular that Paul Krugman wrote
. . . why are Republicans even trying to do this? It’s bad policy and bad politics, and the politics will get worse as voters learn more about the facts. Well, last week one G.O.P. congressman, Chris Collins of New York, gave the game away: “My donors are basically saying get it done or don’t ever call me again.”Congress has not become as psychotic as President Trump. It's merely business as usual, trying to scam the system. But if that's all they need, then why aren't the corporate tax cuts also temporarily temporary?
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