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IT’S OFFICIAL: The GOP tax law was a political flop

According to a new exit poll, the GOP tax cut law did not move the needle for voters in the 2018 midterm elections.
House Speaker Paul Ryan, President Donald Trump, and Rep. Kevin Brady.

So far, it doesn’t look like the GOP tax law has prompted the investment boom Republicans promised

A survey from the National Association for Business Economics found 81% of US businesses said the GOP tax law hadn't changed their investment plans.
Donald Trump and Mitch McConnell

Americans hate Republicans’ idea to cut Medicare, Medicaid, and Social Security to bring down the soaring deficit. And they have another idea th...

Americans would rather deal with the federal deficit by reversing the GOP tax law instead of cutting entitlements like Medicare and Social Security.

Trump’s bewildering new tax cut proposal is ‘the height of cynicism’ and an admission the GOP tax law failed politically

President Donald Trump's shock announcement that the GOP was working on a new tax cut is an implicit admission that the GOP tax law didn't win voters.

Key Senate Republican calls Trump’s proposal for new tax cuts ‘highly unlikely’ this year

You can’t count out the Congress, I mean we could, but I’m not going to say," Hatch told reporters on Wednesday when asked about a vote shortly after the midterm elections on November 6. "It’d be highly unlikely but it could happen."

Trump denies that he started talking about a mysterious new tax cut because the original GOP tax law is unpopular

President Donald Trump rebuffed the suggestion that his new surprise tax cut promise from Saturday was made only because the perception of the initial GOP tax reform law is so negative.
President Donald Trump

Trump is already backtracking on his promise for a ‘very major tax cut’ before the midterms

President Donald Trump's promise of a second tax cut aimed at the middle class is quickly unraveling, since getting such a bill passed before the midterm elections in November would be practically impossible.

Republican Patrick Morrisey is betting that bipartisanship is dead in his Senate race against Democrat Joe Manchin in deep-red West Virginia

"I’m the polar opposite of flip-flopper Joe Manchin. Literally, you should go online and see this. If you go online you start to see the memes..." Morrisey said.

One of Republicans’ biggest promises about their tax law is coming apart at the seams

Republicans claimed that the new Tax Cuts and Jobs Act would pay for itself or even decrease the federal deficit. But based on new numbers from the Treasury Department, that doesn't appear to be happening.

House Republicans just passed their huge ‘Tax Cuts 2.0’ bill, but it’s probably dead in the water

House Republicans passed their "Tax Cuts 2.0" package on Friday, which would extend the Tax Cuts and Jobs Act's individual tax cuts. The extension would provide a small boost to the economy and mainly favor wealthier Americans. The bill is also likely dead on arrival in the Senate.