Trump may celebrate his tax giveaway – but politically it could cost him dear | Jonathan Freedland

This bill stinks – the men behind it will benefit from it personally. But once it’s passed, the president is just that little bit less useful to Republicans

Donald Trump is set to close this most turbulent year with his first big win. Today, barring a last-minute hitch, both houses of the US Congress will send the president a tax reform bill that he will sign with full ceremony. He’ll lavish praise on himself and say he’s making good on his promise to make America great again. Or as he put it via Twitter: “Biggest Tax Cuts and Reform EVER passed. Enjoy, and create many beautiful JOBS!”

The bill he’ll sign today is indeed the most substantial overhaul to the US tax system since Ronald Reagan’s tax cuts of 1986. Still, Trump and his fellow Republicans should pause before they knock back too much pre-Christmas champagne. This could be a victory that comes back to haunt them.

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from US news | The Guardian http://ift.tt/2oUCSc7
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