Source: Washington Monthly
by Bill Scher
“On Wednesday, President Donald Trump put a 90-day pause on some of his tariffs. On Thursday, House Republicans approved the Senate’s budget resolution, which is a precursor to passing filibuster-proof “budget reconciliation” legislation that cuts taxes. Are we seeing the return of the traditional Republican Party, the one you can count on — no matter the economy — to lower your tax burden? Nope. Trump kept tariffs in place that increase your taxes. And the budget reconciliation bill is unlikely to lead to a net tax cut, especially for those in the working class who are hit hardest by giant import duties.” (04/11/25)