“Republicans are known for being bad negotiators on top of being fiscally irresponsible. This tax debate may reinforce these beliefs.”
Let’s not forget politically STUPID, and corrupt.
The people who will get hurt in this deal are upper middle class ($75k - $200k) who now pay the bulk of all taxes. AND are the very core of the Republican constituency.
The potential losses for them are SALT deductions and 401k exemptions.
That will cause a political earthquake the likes of which Republicans have not seen since 1976. They will lose 50 seats in the House, easy.
If they continue on this path, as someone who lives in the Northeast, I see no reason to even vote for the Republicans if they end up raising my taxes. Those making between 75-200 are the only ones voting for the GOP in this region. To kick them in the balls is unbelievable.