Analysis

Tax Bill's Momentum May Silence Critics Warning Of Pitfalls

Law360, New York (November 15, 2017, 9:58 PM EST) -- The Republicans' rapid-fire changes to their own tax bill, combined with their desire for a legislative win, is raising concerns among Democrats that tax cuts largely benefiting corporations may be ushered in despite analyses showing minimal sustained economic growth and an exploding national debt.

Since the House Ways and Means Committee unveiled the nearly 430-page Tax Cuts and Jobs Act two weeks ago, the proposed legislation has seen multiple markups and amendments in committee sessions on a near daily basis — a game that has primarily been a numbers-crunching exercise to help the Republicans avoid a Democratic filibuster and pass the...

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