In 2016, Republican voters rejected Jeb Bush, Ted Cruz, Marco Rubio, Scott Walker, Rand Paul, Carly Fiorina, Rick Perry, John Kasich, and Chris Christie, among others. Repelled by the GOP establishment, they chose Donald Trump as their champion as he pledged—amid insults against various ethnic and religious minority groups—to rebuild America, fight for the working class, and drain the swamp.
This week, President Trump will sign the GOP establishment’s $1.4 trillion tax cut, just the sort of bill Paul Ryan would have passed under Presidents Jeb Bush, Ted Cruz, Marco Rubio, Scott Walker, Rand Paul, Carly Fiorina, Rick Perry, John Kasich, or Chris Christie.
Its provisions are not as uniformly bad as some Democrats insist.
As Peter Suderman explains, its cut to corporate tax rates will bring the United States in line with the European approach, making the country a more competitive place to do business and likely fueling business investment and job creation.
At the same time, the bill’s rate cuts for individuals will return a lot of money to the very richest Americans at a time when they are already earning an increasing share of the national pie, in part through rent-seeking. It is extremely likely to increase the federal deficit, a transfer from the young to the old. And the tax bill doesn’t simplify the system to ease burdens on filers and prevent the rich from gaming the system. It introduces new loopholes that will benefit narrow monied interests. In other words, it is as “swampy” a bill as you’ll find.