Dark Moment for America as Senate Passes Tax Bill in the Middle of the Night

Monday, December 4, 2017

begin quoteIn the mad dash to revise the bill, it turned into a Christmas tree full of gifts for special interests, according to Victor Fleischer, a respected tax professor at the University of San Diego

Long after midnight, following a chaotic scramble that saw tax legislation being re-written on the fly, with handwritten edits in the margins and full pages crossed out, Senate Republicans passed the Tax Cuts and Jobs Act – a bill that would ultimately hike taxes on millions of middle-class Americans, swell the ranks of the uninsured by 13 million and explode deficits by $1.4 trillion in the first decade alone.

 

 

Long after midnight, following a chaotic scramble that saw tax legislation being re-written on the fly, with handwritten edits in the margins and full pages crossed out, Senate Republicans passed the Tax Cuts and Jobs Act – a bill that would ultimately hike taxes on millions of middle-class Americans, swell the ranks of the uninsured by 13 million and explode deficits by $1.4 trillion in the first decade alone.

 

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