Tax cuts and deregulation. Republican triumphs.
But arguably, neither has been a triumph at all.
The 2017 tax cut has received pretty bad press, and rightly so. Its proponents made big promises about soaring investment and wages, and also assured everyone that it would pay for itself; none of that has happened.
Yet coverage actually hasn’t been negative enough. The story you mostly read runs something like this: The tax cut has caused corporations to bring some money home, but they’ve used it for stock buybacks rather than to raise wages, and the boost to growth has been modest. That doesn’t sound great, but it’s still better than the reality: No money has, in fact, been brought home, and the tax cut has probably reduced national income. . . .
Eric Lipton, et al:
. . . at stake is the quality of the air we breathe and the food we eat, the cleanliness of the rivers that flow past us, and the pace at which the climate is changing.
After decades of legislation and regulation, the environment in the United States continues to get cleaner. What has changed under Mr. Trump in most cases is [that] the pace of improvement has been slowed in a number of key areas compared to what it would have been if the Obama rules had been preserved.
A third dubious achievement? Defending America from desperate asylum seekers, as we once defended her from Jews fleeing Hitler.
Today, with Democrats in control of the House — and Mitt Romney in the Senate, for that matter — we just might start to do better.
Quote of the Day
We miss 100% of the shots we don't take.~Wayne Gretzky
Request email delivery
- Dec 1:
Here’s A Question:
- Nov 30:
A Ton Of Things Going Right
- Nov 29:
Very Different Rocks
- Nov 26:
Carl And Carlson
- Nov 24:
Since You Won’t Be Able To Talk Politics At The Table Tomorrow . . .
- Nov 23:
A Crypto Optimist and a Crypto Skeptic Walk Into a Podcast Studio
- Nov 22:
Competence And Inflation
- Nov 20:
Gloom, Doom – Clarified
- Nov 19:
In The Meantime
- Nov 17:
The Right Way To Think About What’s Going On
- Dec 1: