This bill stinks – the men behind it will benefit from it personally. But once it’s passed,the president is just that little bit less useful to RepublicansDonald Trump is set to shut this most turbulent year with his first titanic win. nowadays, barring a final-minute hitch, or both houses of the US Congress will send the president a tax reform bill that he will sign with full ceremony. He’ll lavish compliment on himself and say he’s making good on his promise to make America distinguished again. Or as he put it via Twitter: “Biggest Tax Cuts and Reform EVER passed. Enjoy,and create many beautiful JOBS!”The bill he’ll sign nowadays is indeed the most substantial overhaul to the US tax system since Ronald Reagan’s tax cuts of 1986. Still, Trump and his fellow Republicans should pause before they knock back too much pre-Christmas champagne. This could be a victory that comes back to haunt them. Related: Senate approves most drastic changes to US tax code in 30 years Continue reading...
Source: theguardian.com