although the GOP has been unable to fulfill their hopes and dreams of getting rid of obamacare (aka the affordable healthcare act), they recently decided to pull back on a BAT (border adjustment tax) just in time for US retailers to start planning their inventories for the fall and christmas. we try not to live in the past here at a blog about whatever. but we will say this: that tax would have immediately raised prices on consumer goods in the immediate term. in the long run it would have encouraged retaliation from US trading partners. so it’s all a win-win for the american people. but the affordable care act is still a problem. like senator lindsey graham once famously said, it’s hard to roll something back that’s got a president’s name attached to it. it would be good if somehow the GOP and the rest of congress would find it in their hearts not to fine people for not having health insurance. it’s a regressive tax and it’s crushing the middle class.
GOP dodges a bulletSaturday, July 29th, 2017