President Donald Trump on Friday signed the Republican tax bill into law, and he predicted that the American people will be pleased with how it improves both their paychecks and the U.S. economy. “I don’t think I’m going to have to travel too much to sell it,” he said. “I […] Read more »
Can salesmanship about the tax bill change the GOP’s midterms fortunes?
“I think it’s selling itself,” President Trump said Friday, with customary bravado, as he signed into law the $1.5 trillion, Republican-passed tax cut. Every Republican running in a competitive race in 2018 is hoping he’s correct, but they face an uphill climb to turn the president’s words into reality. There […] Read more »
Why is the GOP Tax Bill So Unpopular? Maybe It’s All Relative.
Congressional Republicans have succeeded in passing a signature $1.5 trillion rewrite of the tax code, which now awaits President Donald Trump’s signature. Yet the prospect of lower taxes has not sold the public at large on the bill. Surveys find that the bill is relatively unpopular, with more people disapproving […] Read more »
Tax Cuts Buoy Republicans, but They’re Swimming Against an Undertow
The sweeping tax overhaul approved by Congress this week hands Republicans a long-sought achievement they believe will bolster their defenses in next year’s midterm campaign, but party officials concede the measure may only mitigate their losses in what is shaping up to be a punishing election year. While the tax […] Read more »
The GOP tax bill is business as usual in America’s unequal democracy
This holiday season, President Trump has promised to “give our country the best Christmas present of all — massive tax relief.” But in this case, “our country” mostly means “rich people.” When the Republican tax cut takes full effect, more than 80 percent of the benefits will go to households […] Read more »
How tax cuts for the wealthy became Republican orthodoxy
The Republican Congress has passed a tax plan in which more than four-fifths of the long-term tax cuts are steered to the extremely wealthy, and are offset by future tax increases for a significant fraction of the party’s own voting base. Republicans plan substantial cuts to government services that those […] Read more »