Wednesday, December 6, 2017
The conventional wisdom is firming up that the Republican tax cut bill, which will surely become law now that it just needs to make it through conference, is the action of a party that expects to lose and just wants to pay off its donors before it does. The bill is hugely unpopular for a tax cut, and represents a blatant betrayal of the putative populism of the Trump administration. If they had any prayer of surviving the midterms, they'd never have tried it.
I see a somewhat different picture. It seems to me that, in the age of negative partisanship, the GOP is making the best move they have.
I'm not that negative on the tax cut either. The GOP will lose NY and CA and similar blue states, of course they will. But I think the states that went Trump will do so again in 2020, if things turn out the way they seem likely to. The economy will grow, possibly a lot. Better times will change minds. Wait and see.