General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhy Trump Will Regret Passing Tax Reform
What else is keeping the GOP establishment in line behind him?
By MATT LATIMER October 18, 2017
Meeting with his Cabinet on Monday, the president of the United States, ever a believer in the axiom overpromise and underdeliver, vowed to sign the largest tax cut in the history of our country. Just as they told the president that Obamacare repeal was a brilliant, slam-dunk first move for his administration, so too his advisers are telling him that tax reform is another no-brainer. A political masterstroke.
They are wrong about that. At least, when it comes to Trump.
Since Congress appears unable or unwilling to move on almost anything, any tax cut billlet alone the biggest and best in the history of the world, as the president envisionswill have to overcome serious challenges. But the real problem for Trump is not another legislative failure, but a victory. To paraphrase the immortal words of Admiral Ackbar, the tax cut bill is a trap. If Trump actually does sign it into law, he might as well be signing his political death warrant.
I say this not because tax cuts are a bad idea, or unpopular. Nor because tax relief will be invariably characterized, as it always is by liberals, as a giveaway to the rich. The reason the tax cut bill is a danger to Trump is that its the one last thing keeping the bulk of his own party in line behind him.
One of the most curious storylines in Season One of The President Trump Show is that so many Washington Republicans, inside and outside Congress, are still on board, publicly at least, with a president they clearly denigrate and despise. His own secretary of state may or may not have called his boss a moron. A respected Republican senator publicly questioned Trumps competence and stability and said he was moving America to the brink of World War III. A special counsel is aggressively pursuing allegations of corruption and collusion that could go all the way to the Oval Office. Trumps poll ratings are, to borrow a word, sad. He has repeatedly insulted the Republican Senate leader and his colleagues.
more
http://www.politico.com/magazine/story/2017/10/18/donald-trump-gop-tax-reform-mcconnell-215723
LonePirate
(13,427 posts)n2doc
(47,953 posts)As deficits skyrocket and more money goes into the vaults of the ultra rich. That will lead to the Republicans getting tossed out of power. Especially after they inevitably start going after Social Security to 'fix the deficit'
But I don't think he will care, he only cares about what money he can get out of it.
beachbum bob
(10,437 posts)so far, nothing has "stopped" trump's antics...and tax policy surely won't either. His support remains stable in the hinterland and mainline GOP is stuck in the middle with 2018 elections coming and one failure after another with them and Trump.
Now we hear how "not cutting taxes" will crash the markets. That is laughable in itself.
fleur-de-lisa
(14,627 posts)Apparently Uptighty Whitey (Pence) had a hushed-up meeting with the Kochs last weekend. The speculation is that big republican donors are talking about coercing their bought-and-paid-for congress critters to oust Cheeto after they pass tax cuts. Big money republicans are tired of all this drama.
Personally, I think the big donors will pull funding from republicans if Trump doesn't pass any tax reform. And I think they will only give him one shot at it. He hasn't accomplished anything. They didn't spend all that money just to watch the Cheeto shit show.