But as Sowell later points out, having a proven time-tested policy isn’t enough if we don’t articulate it. We need to remind people that tax cuts help everyone. And we should also remind the Democrats that many of the so-called “rich” they’re dismissing are our small business owners who account for 70% of all job creation in this country. At a time when we need job growth, we should not target job creators with tax hikes. Closing our deficit gap requires us to cut spending, but we also need to spur economic growth. With that in mind, the last thing we should do is hamper our economic innovators and entrepreneurs with excessive taxes, overly burdensome regulation, and more uncertainty. This is not a difficult argument to make. It’s common sense.
It appears that many House Democrats apparently have no common sense on taxes during a recession. Their preference would be to pass on a 50% tax hike to those currently in the 10% tax bracket come January 1.
But for “common sense” to prevail it means Republicans agreeing to a deal that also raises spending by $75 billion.
“‘The deal’ spends billions and billions of dollars that the country does not have in order to prevent a tax hike that the country voted against. In essence the GOP bribed the president to follow the will of the people,” Hewitt wrote. “There is at least $75 billion in new spending in the plan, agreed to by the GOP less than 5 weeks after the country fairly screamed ‘Stop Spending Our Children’s Money!’”
“‘The deal’s’ assault on ‘The Pledge’ will make the latter a joke, and instantly impacts the credibility of all future efforts to propose agendas to the electorate.”
That’s the question that has to be wrestled with as the expiration clock on the tax cuts moves closer to zero.
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- Hugh Hewitt: “The Pledge Is A Governing Document For Now” (hughhewitt.com)
- Senate to vote on tax cuts deal today (dontmesswithtaxes.typepad.com)
