The Republican-led Congress was so eager to pass anything that it rushed into voting for a tax bill that has major flaws.

The impact is a mater of debate among economists: A group of 100 economists wrote an open letter supporting it while a group of 200 wrote an open letter opposing it.

The two groups of economists differ over whether cutting corporate taxes will jump-start the economy.

We do know that the "trickle-down theory" is "voodoo economics" in the words of George H.W. Bush.

The tax bill fails on several vital points.

Here are our grades:

BIPARTISANSHIP: F

When no Republicans voted to pass the Affordable Care Act, the health care bill was wounded from the start. By not obtaining Democratic Party support for this tax bill, the Republicans have fallen into the same trap.

DEFICIT REDUCTION: F

The bill would increase the deficit by $1.5 trillion over a decade. No responsible economist says that economic growth can possibly make that up. For Republican deficit hawks, this amounted to selling their souls for political expediency. The federal debt is at levels not seen since World War II. This bill is likely to hamper the economy in the long run. Republicans want to cut taxes and Democrats want to keep a bigger government, so the inevitable compromise results in higher deficits.

TAX EQUITY: F

While individuals get a break, the wealthy — like President Donald Trump’s family — will really make out well. The estate tax is slashed and then eventually repealed in 2025. Businesses that "pass through" their income to individuals get a tax break. The Alternative Minimum Tax, which was established to make sure the super wealthy pay taxes, is slashed for individuals and repealed for corporations.

The individual tax cuts are temporary, expiring in eight years, while the corporate tax cuts are permanent. Republicans argue that the President George W. Bush’s tax cuts were supposed to be temporary, too, and they were retained. What they don’t say is that this only results in higher deficits because politicians don’t have the will to slash spending or increase taxes to balance the books.

ENVIRONMENT: F

The Alaska Arctic National Wildlife Refuge is opened to oil and gas drilling. This isn’t even needed, thanks to the fracking revolution. How it got into this bill is another example of Washington craziness.

HEALTH CARE: Incomplete

While a case can be made against the individual mandate that penalizes Americans who don’t have health insurance, without some other option the exchanges on the Affordable Care Act will head into a death spiral. The young and healthy will only sign up for Obamacare when they’re sick. No insurance plan can survive under that unbalanced scenario.

TAX REFORM: D

Doubling the standard deduction ($24,000 for couples) will help most Americans. In fact, the percentage of Americans who itemize their taxes will drop from 30 percent to 6 percent. However, there are the same number of tax brackets. Too many deductions and loopholes still remain, meaning the bill will be a jobs act for tax lawyers, lobbyists and accountants.

POPULARITY: D

Polls are showing a majority of Americans oppose the bill. A CNN poll shows 55 percent oppose it. Also, there is broad opposition among independents (64 percent) and Democrats (95 percent) who think most of the benefits will go to the wealthy.

Only 27 percent of Republicans believe that.

IMPACT ON PARENTS: B

The child tax credit is doubled to $2,000 thanks to pressure from Florida’s Sen. Marco Rubio. And even some low-income parents that pay little in taxes would receive up to $1,400 in refunds for children.

CORPORATE TAXES: B

This is the best feature of the bill. Corporate taxes are reduced from the current 35 percent to 21 percent, which puts the U.S. more on par with other developed nations. Businesses will be allowed to immediately write off the full cost of equipment, which should help productivity. And the bill ends tax advantages for companies moving overseas. We need to entice corporations to return some of their $2 trillion stashed overseas. Corporations have the same amount of capital stashed overseas as the gross national product of Russia.

The president and GOP congressional leaders wanted a bill before Christmas.

But real tax reform is still needed.