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It’s Here, It Will Pass, and It’s Horrible


Rubio is of course a yes in exchange for a minor concession, Principal Mitch took away Corker’s hall pass in exchange for nothing, and we’re stuck with an atrocious tax bill:

Overall, the Tax Cuts and Jobs Act represents the largest one-time reduction in the corporate tax rate in U.S. history, from 35 percent down to 21 percent. The bill also lowers taxes for the vast majority of Americans, as well as small-business owners — at least until the cuts expire after eight years.

Last-minute changes to the GOP’s big plan give a larger tax break to the wealthy and preserves certain tax savings for the middle class, including the student-loan interest deduction, the deduction for excessive medical expenses and the tax break for graduate students. A change made Friday morning to win over Rubio would expand the benefits of a child tax credit to give more money to working-class families.

The fact that the compromise bill produced a lower top marginal rate than either the Senate or House bill is the Republican Party in a nutshell.

Meanwhile, a woman in Susan Collins’s can apparently afford to be made to look ridiculous:

As GOP tax legislation nears final passage on Capitol Hill, Sen. Susan Collins is approaching the moment for a mighty leap of faith.

The Maine Republican extracted key concessions in exchange for her support for the bill, including commitments from the Trump administration and Senate leaders to back two pieces of legislation pumping money into the health-care system.

The problem is, House Republicans largely oppose the health-care bills. And while Collins anticipates that the commitments will be included in must-pass spending legislation to keep the government open, the tax package is scheduled for a final passage vote next week, before the spending measure.

That means Collins will have to cast her vote on the tax bill without knowing for certain that commitments made to her will be honored, leading critics to say she’s getting played for a fool.

If she prevails, Collins will have been responsible for the passage of significant legislation that could help make insurance coverage more affordable for tens of thousands of Americans.

And if not?

“I’m counting on the administration to make sure that does not happen,” Collins said in an interview. “I would consider it a very serious breach of a promise to me.”

Again, there’s no way she’s as stupid as the legislator she’s playing. She’s the con, Maine voters are the marks.

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