Sorry, Republicans: If you’re not cutting spending, you’re not cutting taxes.

Source: Garrison Center
by Thomas L Knapp

“President Donald Trump and Republican congressional leaders rolled out their new tax plan on November 2. Since all bills must have titles, they’re calling this one ‘The Tax Cuts and Jobs Act.’ Republican ‘tax reform’ theatrics have worn thin over many months of waiting, but I still prefer a more theatrical title. ‘A tale Told by an idiot, full of sound and fury, Signifying nothing’ rings true. Four centuries later, Shakespeare’s MacBeth is a better description of the matter than any coming out of Washington, DC. Yes, there’s plenty of quibbling across the aisle over everything from top rates to the home mortgage interest deduction, but neither party’s politicians seem willing to tackle the most basic, indisputable, and relevant fact: Since Congress isn’t cutting spending, Congress won’t be cutting taxes either.” (11/03/17)