Abbreviated pundit roundup: GOP tax bill gets even worse, net neutrality gutted and more
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Alan Rappeport and Thomas Kaplan at The New York Times bring us the latest analysis of the Republican tax bill: Republicans, who reached agreement Wednesday on a merged version of the House and Senate tax plans, expect to unveil the final bill on Friday anAbbreviated pundit roundup: GOP tax bill gets even worse, net neutrality gutted and more
Alan Rappeport and Thomas Kaplan at The New York Times bring us the latest analysis of the Republican tax bill: Republicans, who reached agreement Wednesday on a merged version of the House and Senate tax plans, expect to unveil the final bill on Friday and vote on the legislation early next week so that it can be sent to President Trump before Christmas. But those plans were thrown into some disarray on Thursday when Mr. Rubio said that he would vote no on the bill unless it included a greater expansion of the child tax credit, which he and another Republican senator, Mike Lee of Utah, have been pushing for to benefit lower-income individuals. Here is Paul Krugman’s take: As usual, Republicans seek to afflict the afflicted and comfort the comfortable, but they don’t treat all Americans with a given income the same. Instead, their bill — on which we don’t have full details, but whose shape is clear — hugely privileges owners, whether of businesses or of financial assets, over those who simply work for a living. And this privileging of nonwage income isn’t an accident. Modern Republicans exalt “job creators,” that is, people who own businesses directly or indirectly via their stockholdings. Meanwhile, they show implicit contempt for mere employees. Read more