Jesus and the Money Changers in Washington. @DanHenninger

Dec 02, 2017, 06:17 AM

12-02-2017 (Photo:Deutsch: Die Austreibung der Wechsler und Händler aus dem Tempel in Jerusalem Date about 1510 Current location Old Masters Gallery, Dresden Source/Photographer Kunst für alle ) http://JohnBatchelorShow.com/contact http://JohnBatchelorShow.com/schedules Twitter: @BatchelorShow

Jesus and the Money Changers in Washington. @DanHenninger

We won’t know anytime soon what Jesus would think of the Republicans’ tax bill, so we’ll default to guessing at the second-best opinion: the American people’s....

The only economy they’ve lived with is the weak one the Obama years produced. Many of them overheard parents or grandparents talking about how, year after year, the annual pay raise didn’t amount to squat, so the budget belt had to be tightened again.

Or they wondered through the second Obama term who would hire them out of college. It is no surprise—though it is a stunning and pathetic indictment of the U.S. economy in our time—that so many of these millennials concluded that batty Bernie Sanders’s socialism made sense.

Why shouldn’t they? They’ve never lived inside the sort of exciting, upward-moving economy their elders enjoyed in the 1960s, ’80s or ’90s. Absent real economic opportunity for eight years, the default option has skipped past Democratic liberalism to socialism.

If it’s OK with six Republican senators, the tax bill would attempt an alternative to that. It will drop the corporate tax rate to 20% from 35%, allow immediate expensing for new capital investments, and return to the U.S. several trillion dollars in profits held overseas to avoid that 35% tax rate.

https://www.wsj.com/articles/taxes-what-would-jesus-do-1511997571

The only economy they’ve lived with is the weak one the Obama years produced. Many of them overheard parents or grandparents talking about how, year after year, the annual pay raise didn’t amount to squat, so the budget belt had to be tightened again.

Or they wondered through the second Obama term who would hire them out of college. It is no surprise—though it is a stunning and pathetic indictment of the U.S. economy in our time—that so many of these millennials concluded that batty Bernie Sanders’s socialism made sense.

Why shouldn’t they? They’ve never lived inside the sort of exciting, upward-moving economy their elders enjoyed in the 1960s, ’80s or ’90s. Absent real economic opportunity for eight years, the default option has skipped past Democratic liberalism to socialism.

If it’s OK with six Republican senators, the tax bill would attempt an alternative to that. It will drop the corporate tax rate to 20% from 35%, allow immediate expensing for new capital investments, and return to the U.S. several trillion dollars in profits held overseas to avoid that 35% tax rate.