What is going on in the United States Senate? Last week the Senate Republican majority passed a budget blueprint resolution that:
A) Spends MORE MONEY
B) Has NO Trump tax cut
Huh?
The senators want to push the Trump tax cut off until...later in the summer or maybe into the Fall? The highest priority has become the least urgent priority. Sure. That makes sense!
We can count at least three glaring problems with this strategy:
First, the economy is looking a little wobbly right now. Consumer spending and consumer sentiment are both falling, housing sales are down, and inflation is rising. This is the after-shock of Bidenomics. We need a real tax cut extension economic stimulus ASAP.
Second, waiting only allows the wanderlust Democrats months to regroup. There's too much that can go wrong with this plan. This reminds us of a James Bond movie where the villain captures 007, dumps him in a shark tank, walks away, and foolishly/naively assumes he's dead.
Third, and most obviously, the sooner the tax cut is passed, the faster the Trump economic rebound.
Republican senators assure us that as soon as the House passes the tax cut, they will jump aboard. Sure. Like they did on Obamacare repeal?
