This week’s elections are over, and Republicans did badly. GOP leaders are now saying openly that they need to pass a tax bill or face losing the House of Representatives next year.
Well, a year can be a long time in politics.
Thirty-five years ago, in Ronald Reagan’s first mid-term election, Democrats made huge gains, and the experts predicted Reagan might be a one-term president. Instead, two years later, he won 49 of the 50 states.
So you never can tell. But I am more interested in what President Trump’s tax bill would mean for all of us. So I turned to Economics Professor Charles Ballard at Michigan State, a man who for many years has specialized in the Michigan economy.