Tax Bill: The Republican gamble.

When is a win not a win? We may well know after the 2018 mid-term elections.

Everyone but the staunchest Trump supporter knows that this year has been a colossial bust for Trump in terms of accomplishing much of his proposed legislative agenda. That said, it appears that in order to at least get something passed, Republicans are eager to rush through proposed tax changes that are meeting with more and more opposition with each passing day. This opposition is not just coming from economists, it is starting to come from business leaders as well. In other words, objections and concerns from the very group that this bill is supposed to help.

It just seems to me, that there will be enough time (should it pass) and before the mid-terms, that if more negatives surface than positives, it could become a disastrous move for the Republicans. Basically, it seems very short-sighted given the growing opposition to this version of the Bill.

Now, most of us know that Trump has a "huge" personal interest in seeing these changes (as it will help him considerable), but it sure seems to be pretty risky given that control of the House and the Senate may well hang in the balance.

This will be the GOP's version of Obamacare. They repeated every mistake of ACA and then doubled down on it. They now have the least popular tax cut in history when we are in the middle of a cryptocurrency bubble and a period where we are likely at capacity for economic growth. They pushed so hard so fast in crafting this legislation that we will be hearing about a new exploitable loophole every week for months. All the while wages will remain stagnant because CEOs have openly admitted they don't need the cash and have no interest in investing in their companies when they can reward shareholders and drive up their stock prices through buybacks and debt reduction. The only thing this tax bill can accomplish is fattening some CEO paychecks. The Dems will not even have to demonize this bill. It is a historical footnote that when the GOP had their chance, they spit in the face of the populist movements that brought them to power and gifted the country club elite.

Very well said!

For most of my many years, the Republican Party was considered to be the "elitist" and "wealth" party. In fact, my home state was blue for most of my voting years. In recent years, I have watched the Republican Party make in-roads and attract voters in the middle to lower-middle class voting populous. A segment most always leaning toward Democrats in the past.
Now, they have a perfect opportunity to make credible changes to the tax code and truly benefit many of this countries most neglected citizens. Instead, they appear to be shifting back to their past practices of ignoring the "needy" and catering to the "greedy".

I do agree that this will likely blow up in their faces, but time will truly tell.