If you disliked the sight of your majority government bending the knee for the small-business lobby this autumn, you’d best start reading up on tax policy so you can offer better support in 2018, when the more consequential fight begins.
The Republican majority in Washington is on track to complete a tax overhaul that could one day result in financial ruin. That day won’t arrive before Christmas, however, so President Donald Trump at some point before then will throw himself a pseudo-event, at which he will add to his impressive collection of lies and exaggerations while boasting about his “historic” achievement. So be it; the Tax Cut and Jobs Act will be the first significant piece of legislation that Trump signs into law. Many will call it a victory, although I’m not sure that’s the right word for a policy that has the support of only a third of the population.
Continue reading at Maclean's ...