In the early morning hours of Saturday, the Republican-controlled U.S. Senate passed a tax reform package that, by many estimates, would balloon the national deficit and exacerbate inequality in the country. Only a single Republican holdout, Sen. Bob Corker of Tennessee, refused to vote for the bill. The remainder of the 51–49 vote divided perfectly along party lines.
Now, the bill faces reconciliation with a similar proposal passed by the House of Representatives. Once the differences are ironed out, both chambers will seek to pass a unified bill.
Had the party held true to its conservative philosophy, it would never have considered such a drastic reduction in corporate and individual tax rates.
Perhaps Republicans never truly cared about fiscal conservatism. While they were in power under the presidency of George W. Bush, they passed massive tax cuts and greatly expanded our military presence in the Middle East. The…
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