1. It is, as David Stockman says, the smallest, not the biggest (as Trump says), individual tax cut in history. 2. It was approved in the early morning hours after lawmakers received a 500-page rewritten version that contained significant changes from the bill that was approved by two Senate committees. Sounds like the Republican version of the passage of Obamacare. 3. It has significant differences from the House tax bill that will have to be reconciled in a conference committee. 4. It is ultimately revenue neutral. Even though it supposedly cuts taxes enough to increase the deficit by $1.5 trillion … Continue reading Four Things about the Senate’s Tax Bill