The GOP Hopes Its Beautiful Bill Will Age Well: David M. Drucker

President Donald Trump and Republicans in Congress have been here before.

In late 2017, they celebrated the enactment of the Tax Cuts and Jobs Act, a $2.3 trillion overhaul of corporate and personal taxes. The economy boomed the following year. On Election Day 2018, unemployment was at a low 3.7%. In the third quarter of that year, which ended weeks before the midterm elections, the US economy grew 3.5%. Yet political benefits from the TCJA never accrued to Trump and his party. Democrats messaged it as a tax giveaway to the so-called rich. Rank-and-file voters concluded that nothing was ...