Skip to main content

The Note: Huuuge tax bill could have 'big league' impact - ABC News

posted onDecember 21, 2017
>

Article snippet: The TAKE with Rick Klein The win might be the biggest and the best, the most incredible and most unbelievable thing to ever happen in American politics. It rattled the gavel off of House Speaker Paul Ryan’s podium. (And it was so much fun for House Republicans, they get to do it all over again today.) But when President Donald Trump does get to sign the tax overhaul into law, the battle to define the accomplishment begins – with Trump and his fellow Republicans in a hole. The bill falls short of its original promises. It’s widely unpopular. Doing your taxes will still be hard. It won’t pay for itself. Lots of people will pay more in taxes. Many more will see modest tax cuts. And yes, the president himself is likely to benefit, big league – if he’d ever release his taxes to prove that one way or the other. In assessing Republicans’ political prospects next year, Ryan told The Wall Street Journal yesterday: “We’ve got the wind at our face.” The Republican hope is that this bill does more than block some wind. The relative calm with which this bill is moving toward becoming law may be covering up substantial turmoil behind it. The RUNDOWN with MaryAlice Parks There is evidence of a trend emerging. In at least one realm of governing, Senate Republicans seem to be pushing back and claiming a touch of independence from the White House. In the last few days, three Trump administration judicial nominations have fallen apart, and yesterday two Republic... Link to the full article to read more

Emotional score for this article