The broad outlines of the Republican effort at tax reform are clear. The main components are a big tax cut for the rich and about $1.5 trillion of more debt. While we don’t know yet what the final bills will look like in the House or Senate, these main points are unlikely to change. These two pillars of the bill should make everyone boiling mad, for two reasons: 1) Increasing income disparity by pushing another trickle-down economic benefits fantasy creates a few big winners and many more losers (most of us). 2) The Republicans pushing this are total hypocrites on fiscal responsibility and not increasing the deficit. But wait, there’s more!

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