They; like us, didn’t kniow what was in the thing. Didn’t Pelosi tell everybody that we’d have to pass the thing to see what’s in it? Now we are finding out.
The reason these idiots like Waxman & Obama have no clue that companies have to take an accounting charge for the tax impact of the new legislation is (one) because they are career politicians and have never worked in the private sector, (two) have never understood the various accounting rules they impose on the private sector and (three) they don’t even think about the unfunded liabilities associated with things they create such as Social Security, Medicare, Medicaid and Obamacare