The House of Representatives has passed the “big beautiful bill” (BBB). It will now travel down the assembly line to the Senate, where, in all likelihood, it will remain mostly intact.
This is disappointing news, for the BBB — could we perhaps stop calling omnibus legislation “BBB”? — is not a good law. It undoes much of what was good about the 2017 Tax Cuts and Jobs Act. It includes a bailout for blue states such as California, New York, and New Jersey. It declines to effect a full repeal of the disastrous and dishonest “Inflation Reduction Act” of 2022. And, above all else, it fails to cut spending. As a result of its changes, the nation’s tax code will become more dysfunctional, our federal deficits will grow yet bigger, and our already-spiraling national debt will continue to mount indefinitely.






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