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Trump to Finally Have Legislative Victory as Rubio, Corker Back Tax Bill

Looks like it’s over. The tax cut bill is going to pass the Senate, as GOP Sens. Marco Rubio and Bob Corker reversed course and said they would pass it.

Corker said something was better than nothing:

“This bill is far from perfect, and left to my own accord, we would have reached bipartisan consensus on legislation that avoided any chance of adding to the deficit and far less would have been done on the individual side with items that do not generate economic growth,” Corker said in a statement. “But after great thought and consideration, I believe that this once-in-a-generation opportunity to make U.S. businesses domestically more productive and internationally more competitive is one we should not miss.”

Rubio, who held out for child tax credits for people who don’t even pay any taxes, finally got enough of what he was demanding so that he could campaign in 2020 or 2024  for president on his achievement.

Democrats will now begin their 2018 campaign fusillade against the bill as a corporate giveaway. It’s not, as I mentioned, what one would have expected would be the only first-year major legislative achievement of a president who ran against the status quo. But if the economy holds up, the tax bill will become more popular.

Once we find out what’s in it. Republicans having rushed the legislation through, we’ll have to pass the bill to know what it contains.

8 Responses to Trump to Finally Have Legislative Victory as Rubio, Corker Back Tax Bill

  1. “Rushed the legislation through” – really?? Seems like it’s been on the table forever, with various versions and amendments going back and forth between the House and Senate.

    In terms of rushed legislation and deliberate lack of transparency, nothing will ever rival Obamacare.

  2. Perfection and governing have never gone hand in hand. This is sweeping change that will impact many segments of the economy positively. Yes, there will be some who pay more, many who pay less. The end result will be clarified within the next two years. But finally, we have a bold step towards tax reform.

    Merry Christmas, indeed


  3. Agree. You don’t eat a loaf of bread in one bite. It’s one bite at a time, until the loaf is consumed. Was it Reagan who said, “What do you do if they offer you half a loaf?” Answer: “You take it, and then you come back for more.” The current tax bill proposal is only the first bite.