Donald Trump rolled out his tax plan. Needless to say, it is a huge giveaway to the rich. I know it would hurt us by rolling back deductions of state taxes. Meanwhile, it's a massive giveaway to corporation. It's worth noting that corporate America is sitting on close to $2 trillion in case reserves, so it's not like a lack of capital is thwarting their plans.
Repealing Obamacare was about ideology and pleasing their big donors. Many Republicans had to realize that they could pay a price for taking away health care from people, yet they still tried to repeal it.
Cutting taxes on the rich is literally the only thing that truly excites the institutional Republican Party. I doubt John McCain's scruples on regular order will cause him to withhold his vote. Susan Collins and Lisa Murkowski aren't going to worry about the long term effects of a deficit busting tax cut.
This plutocratic giveaway is going to happen. It will make our country's finances worse.
Thanks, Republicans...
UPDATE: OK, not all Republicans. Bruce Bartlett will acknowledge the problem.
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