Of course this will cause tax revenue to go down. The point of this bill was not to raise more revenue, but to demagogue the rich for even greater confiscation in the coming years. The GOP has proven that they will not fight to protect the producers in American society and will allow the 47% to keep growing until it is well in excess of 60%. What we have are the makings of a permanent dependent majority that will ensure Democrat electoral success for an indefinite period of time. And we’ve all seen what permanent Democrat majorities have done for Chicago, Detroit, Philadelphia, Los Angelos, St. Louis, New Orleans, Boston, etc. Crime ridden, high tax, poor service hell holes that are racing to bankruptcy. As is America.
LH: Thanks for your comments.
Everything you say is true of course but I remain puzzled why nobody in the PUBBIE side of things or conservative commentators mention this fact.