by The Economist
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| The Republican tax bill might be hard to swallow. In his latest drawing, our cartoonist KAL gives his take on the upcoming reforms.
Click here to subscribe to The Economist on YouTube: http://econ.st/2BEKW5Y A controversial tax reform package is up for a vote in the US Congress. It will have important long-term effects for the US and world economy. Kal’s job is to wrestle the nerdy subject into drawn lines and laughs, and here’s what Kal need to consider. Tax cuts and small government are orthodoxy for the Republican Party but even supporters are concerned about this massive and largely unpopular bill. Republicans have been hurrying to pass the legislation while the party has a lock on Congress and the presidency. They’ve bypassed hearings, avoided scrutiny and ignored economists who warned of trouble. And at over 500 pages, the bill is packed with a smorgasbord of goodies and baddies, many of which are just being discovered on the eve of the vote. The chief chef of this fast-food fest is none other than Donald Trump. He is desperate to get a legislative victory before his first year in office is out. Although Mr Trump and his businesses are poised to profit from the bill it’s unlikely that the attention-deprived president has read the entire legislation. It now seems possible that America and the world will have to face the consequences. A result that may be hard to swallow. Daily Watch: mind-stretching short films throughout the working week. For more from Economist Films visit: http://econ.st/2BFAriE |
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