GOP puts money in the pockets of the suburban swing voters. @HooverWhalen @Larry_Kudlow

Dec 20, 2017, 03:42 AM

12-19-2017

(Photo: John F. Kennedy speaking at Rice University in Houston on September 12, 1962. Lyndon Johnson can be seen behind him.)

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GOP puts money in the pockets of the suburban swing voters. @HooverWhalen @Larry_Kudlow

President Trump and Republicans in Congress are celebrating the $1.5 trillion legislation as a big tax cut for workers and businesses. And for the time being, it is that — 80 percent of the country will pay lower taxes next year.

But the short-term gains come with a cost: The legislation also makes the country’s debt problem even worse, in all likelihood forcing policymakers in coming years to make difficult decisions about spending cuts, tax increases or both.