- Nov 2012
Too much is never enough for Republican tax-cutters.
The taxpayers most affected live in Democratic-leaning blue states, which also happen to be those with better paying jobs. Had the Trump-Radical Republican tax cut bill been examined in public hearings, the public would have known about its partisan provisions, something the Framers of our Constitution warned against and which they tried to prevent with the uniformity clause in Article I, Section 8, Clause 1 of our Constitution, which says taxes should be uniform across the country.
Manufacturing activity has grown for 116 consecutive months, the last 23 of them under Trump, the Institute for Supply Management’s latest report showed.
But Institute reports also showed a sharp slowdown as 2018 ended despite the Trump-Radical Republican tax cut favors for business. In December, the institute’s Purchasing Managers Index (PMI) stood at 54.1, down sharply from 59.3 in November.
Much more worrisome was an 11-point decline in the index for future orders, which fell in December from 62.1 to 51.1. That suggests economic growth will slow, perhaps even stall, later this year.
Expect some contraction in consumer spending in the first half of this year as many prosperous Americans get hit with much bigger than expected income tax bills.
Open thread for night owls. Johnston: How the Trump-radical Republican tax cut broke the economy
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