Emmett Tyrrell
WASHINGTON -- Do my eyes deceive me? It seems that the Republicans are in danger of losing the debate on cutting taxes. Some 30 years after President Ronald Reagan proved that tax cuts encourage economic growth -- which enriches us all -- glum figures like President Barack Obama are roaming the land talking about the apolaustic lives of the very rich and the need to take their loot so we can all live better. Facts are facts: If you expropriated all the wealth from the top 1 percent, you would but dent our national debt, and then where would you get the money for next year and the year after that? Class warfare is not the answer.

Nonetheless, Democrats make the charge that the Republicans are defending tax cuts for the wealthy. Bravely stepping forward is Speaker of the House John Boehner and House Majority Leader Eric Cantor to say they are not, or that they oppose tax increases. Every time, they leave something out.

In so doing, they play into the hands of those who would prolong this economic slowdown. Thus, Eugene Robinson in The Washington Post cites a Congressional Budget Office study that found that the income of the top 1 percent in America grew from 8 percent to over 17 percent from 1979 to 2007. And he claims this shows "why the Occupy Wall Street protests have struck such a nerve."

Robinson did not add that high-income earners suffered a vast decline in their percentage of national income from 2007 to 2009. Alan J. Reynolds estimates that they fell to 11.3 percent and that the losses suffered by the wealthy and by the small businesses was nothing to crow about, increasing, as it did, poverty and unemployment in the nation as a whole.

As for the Occupy Wall Street encampments across the country, I think the American people are catching on as these lawless settlements are disbanded. They are perhaps the greatest concentrations of crime, petty and not so petty, to be found in the country. From public masturbation to rape, from muggings to murders -- these encampments had it all, and they have yet to come up with a Mahatma Gandhi or even a Rev. Al Sharpton. Even the Rev. Jesse Jackson is staying away.

So what do the Republicans leave out in their rebuttal to the grim Democrats? They leave out that they have an economic model that is proven. It's called supply-side economics. According to the model, one does not raise taxes on anyone, certainly not in times of economic unease.


Emmett Tyrrell

R. Emmett Tyrrell Jr. is founder and editor in chief of The American Spectator and co-author of Madame Hillary: The Dark Road to the White House.
 
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