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The tax legislation that was just rammed through Congress makes it quite clear that Donald Trump’s first year in the White House has been much more damaging to the nation than that of any other president in modern times. Before this bill, it might have been possible, though wrong, to argue that as president, Trump had brought to his office more sound and fury than action. The notion took hold for much of 2017 that his failures in Congress, along with a series of court rulings, had limited his impact; the failure to repeal Obamacare and the courts’ blocking of the early versions of his travel ban were cited as examples of the supposedly constrained Trump presidency.
No more. The sweeping tax bill gives a huge tax cut to corporations and to wealthy individuals, and will add roughly $1 trillion over the next ten years to the federal deficit. It will widen further the already enormous gulf between the very wealthy and the rest of America. And it sets the stage for an attempt by Republicans in Congress in 2018 to shrink the federal deficit by cutting benefits to a large number of Americans through reductions in Social Security, Medicare, and other social programs.
full: http://www.nybooks.com/articles/2018/01/18/donald-trump-damage-bigly/ _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
