This Tax Legislation Is Terrible, But It Might Be Worth Passing

Congress is on the verge of passing a package of very expensive tax cuts and there’s plenty about it to despise. It’s full of huge corporate giveaways. It will drive up the deficit. It might even lead to higher health care costs. So what’s the case for passing it? Simple, say some of the agreement’s proponents: It’s better than the alternative. It's not an inspiring argument, but it may be correct. Why the tax agreement seems so awful Basically, there are two ways to think about the ta...