Republicans Are About to Lose an Election About Values

The coming Republican depression.

Congressional Republicans passed tax-code reform into law on December 19, and the near-term effects exceeded even the most wide-eyed optimist’s imaginings. Almost every day since, some large employer has announced its intention to reinvest in capital and workers what they will save as a result of the reduction in the corporate tax rate. This means more employment opportunities and things like raises, bonuses, and 401(k) hikes. Manufacturing is repatriating into the U.S. as a result of the tax bill, and even the minimum wage is on the rise for several major employers. Events have humbled Democrats who predicted that the GOP’s tax reform initiative would only benefit the wealthiest. Republicans should enjoy this modest vindication because it’s all they’re going to get. A reckoning is coming for the GOP, and it has nothing to do with the party’s policies. Voters seem prepared to deliver a negative verdict on Donald Trump.

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Republicans Are About to Lose an Election About Values

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