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Home Front: Politix
Looking Back at the Democratic Hysteria Over Trump's Tax Cuts
2018-03-30
[Manhattan Institute] It wasn't doomsday and the sky wasn't actually falling.

As all doomsday cults eventually learn, you can predict the end of the world only so many times before everybody stops listening to you.

We were told that repealing net neutrality would bring the "end of the internet as we know it." Pulling out of the Paris Climate Agreement was supposed to kill the final chance to truly combat global warming (or climate change, or whatever it's called this week). The confirmation of Betsy DeVos as Education secretary was going to bring about the end of public education in America.

And yet the internet is not shutting down; the Paris Climate Agreement was exposed as virtually irrelevant to global temperatures; and America's public schools look basically the same as they did back in 2015.

To this list of failed doomsday predictions, we can now add the 2017 Tax Cuts and Jobs Act (TCJA), which modernized the corporate tax code and gave tax relief to the vast majority of families.

The TCJA certainly has its flaws‐I gave it only a B-, primarily due to deficit concerns‐yet many of the plan's partisan critics exaggerated its potential downside to such a degree as to be genuinely misleading. And now that families are seeing how the new law actually affects them, most of them support the cuts.
Posted by:Besoeker

#1  Wait - I thought Trumps inauguration meant doom?

Read the whole thing; it's worth it!
Posted by: Bobby   2018-03-30 10:27  

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