History Shows Disaster of Tax Bill

History appears to be repeating itself. We’re heading towards another economic cliff with this Republican tax proposal. As my husband said this morning, we don’t need or want this devastating tax cut that’s being proposed. And neither does anyone else we’ve talked to.

Nel's New Day

Over a century ago, George Santayana wrote, “Those who cannot remember the past are condemned to repeat it.” This saying applies to the disastrous tax bill moving through Congress. “The terrible, horrible, no good, very bad” tax raises for the poor and middle class (to paraphrase the title of Judith Viorst’s children’s classic) has passed the House, and another one, probably worse, has moved from committee to the Senate floor after GOP senators were bought off by bribes. Historian Robert S. McElvaine wrote this perspective from the past to illustrate the nation’s future: “I’m a Depression historian. The GOP tax bill is straight out of 1929.” The piece is subtitled “Republicans are again sprinting toward an economic cliff.”

“There are two ideas of government,” William Jennings Bryan declared in his 1896 “Cross of Gold” speech. “There are those who believe that if you will only legislate to make the well-to-do prosperous…

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