Conservative economic theory has become so corrupted by the idea that tax cuts solve everything that an overhaul of the tax code creating winners and losers does not compute. Republicans don’t want to upset the retailers or the manufacturers, the wealthy or the middle class, the budget hawks or the military spenders. So they’ve concocted an elaborate fantasy world, where nobody has to be damaged by radical shifts in the tax code that transfer wealth upwards.

posted by kleinbl00: 425 days ago