What kind of government do Americans want to pay for?
Having extended most of the 2017 Tax Cuts and Jobs Act and added even more tax breaks, Congress is once again punting on the central fiscal question of our time: What kind of government do Americans want seriously enough to pay for? Yes, the Big Beautiful Bill avoided a massive tax increase and includes pro-growth reforms. It also adds to the debt — by how much is debatable — and that’s before we get to the budgetary reckoning of Social Security and Medicare’s impending insolvency. Against that backdrop, it’s infuriating to see a $9 billion rescission package — one drop in ...