Read this much of Krugman today

 Even if you don't make a habit of reading Krugman, you should read this much from today's column:

"why should tax cuts even be on the table? We have budget deficits, not surpluses, and lots of unmet needs for future spending. U.S. taxes are low, not high, compared with other wealthy countries. Predictions that tax cuts will lead to rapid economic growth have been wrong time and again. And by large margins, voters want taxes on corporations and the wealthy to go up, not down.

 

"The ruling theory among Republicans seems to be that going into the midterm elections they need a "win" to offset their failure to repeal Obamacare. I guess this might be right, although it's a theory that reveals extraordinary contempt for voters, who are supposed to be impressed by the G.O.P.'s ability to ram through policies that only benefit a tiny elite.

 

"However the politics turn out, this is remarkably terrible policy, devised via a remarkably terrible process. Most Americans realize that Donald Trump is a very bad president; they need to realize that his party's congressional leadership is pretty awful, too."