Tag: Tax Cuts

The Tax Bill Passes

So, it happened. The GOP got the votes for the tax bill and it passed both houses today. Trump is guaranteed to sign it.

The reconciliation process fixed some of the flaws in the bill but many of the others — the explosion of debt, the blow to individual insurance markets, the half-baked territorial tax, the BS budget gimmicks that make the bill seem smaller than it actually is — remain. The cut in the corporate tax rate is good as are some of the simplifications. But it’s not the radical reform we needed. In the end, however, the deficit remains my primary concern. This is yet another example of how the GOP has abandoned even the pretense of fiscal conservatism.

That having been said, the reactions from the Left Wing are nothing short of hysterical. Seemingly, every liberal blog out there is calling this a betrayal, a plundering of America, the end of freedom, the end of America, the end of the world. The GOP tax cut bill is irresponsible, but if the “resistance” wants to be taken seriously, they need to knock it off with this apocalyptic bullshit. A bill can be bad and not be the end of the world. And hearing cries about “the process” from people who cheered Obamacare and “fiscal responsibility” from people who thought the stimulus was too small is laughable. This will not be the panacea the Republicans are claiming; but neither will it be armageddon. It’s simply one more step on our way to full fiscal insolvency, a process that’s been going, almost without pause, for 15 years.

What I think really bothers the Left is that Trump finally has an accomplishment he can claim. Frankly, he’s welcome to it.

That last part has been harped on by the Trumpaloos as proof of Trump’s genius. But I have a hard time believing any Republican President wouldn’t have gotten this tax cut through. And they might have gotten a much better and more responsible bill.

I know my blogging has fallen dramatically since Trump’s election. I’ve gone from posting almost every day to maybe once a week. The reason is because I can’t think of much to say. Trump is bad, the Democrats are stupid and the GOP is reckless. Each day of 2017 has been just a rerun of those realities. There are only so many ways I can say the same thing.

Hopefully, 2018 will see some changes. I suspect — or maybe hope is the right word — that the GOP will begin to resist Trump’s worst tendencies now that they’ve gotten their judges and their tax cuts. But we shall see.

Have a Merry Christmas and a Happy New Year, folks.