David Frum: “As I write on November 19, it may see like the GOP tax plans are carrying all before them. A big tax cut has passed the House. A somewhat different plan passed late Thursday night through the Senate Finance Committee. The president is bellowing on Twitter his readiness to sign almost any work product that arrives at his desk.”
“But what is heading toward him is not the kind of reform that can command broad political support, and thus stand the test of possible electoral defeat in 2018 and 2020. It’s a scandalous expression of upper-class and Sunbelt chauvinism that will melt away within weeks of the next Democratic electoral success. Even if it becomes law, as still seems improbable in the face of the plan’s terrible poll numbers, what firm would venture a long-term investment based on tax changes so likely unsustainable?”
