Looming Economic Trap for Republicans as Trump's 'Tax Cuts' Have No Cut for Most People

Brendan Buck, who helped pass the first Trump tax cuts, is concerned that the Trump economy is creating an economic trap for Republicans that will make it very hard to hold on to power.

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Brendan Buck, a former top aide to Republican Speakers McCarthy, Ryan, and Boehner, thinks Republicans are in a “developing economic trap.”

“After more than 100 days of President Trump marked by overreach and economic self-immolation, congressional Republicans need a reset to save their political fortunes,” he warns in a New York Times opinion piece.

Extending the tax cuts isn’t going to help them, he posits.

“With the economy teetering from the president’s foolhardy use of tariffs, the administration has said extending the law is an urgent imperative that will calm markets and provide an economic boost.”

The big issue, as he sees it — and he makes a great point — is that Trump is selling the tax cuts as helpful for everybody, but there is NO CUT AT ALL FOR MOST PEOPLE (my bold):

Many Republicans are hoping that the tax bill can blunt the economic damage caused by the Trump tar…