JOE BABB: Political ramifications of tax reform still unknown
The Tax Cuts and Jobs Act of 2017, the largest tax code overhaul since 1986, was signed just 42 days after it was introduced and did not garner one Democratic vote. Bipartisan politics seems to be a thing of the past. Big hair and over-produced music isn't the only thing we left back in the 1980s.
This political atmosphere will not come as breaking news to anyone who has followed the goings on in our nation's capital as the federal government cranks back up after its second shutdown in a month's time. Normally, I choose to ignore politics for more rewarding pastimes such as reading, playing with my kids or watching baseball, but I was compelled to pay attention when the pundits started talking taxes in late 2017.
To fully understand this expansive new law, we must first examine the politics behind it. When
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For example, the individual and corporate rate cuts cost the
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The long-term political ramifications are yet to be determined. Will the economic impact and higher paychecks outweigh the deficit hit in the minds of voters? Will
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