RNC SALE: 60% Off VIP Membership!
He Was Spotted 30 Minutes Before? We Have Another Update on Trump's Assassination...
MAKE AMERICA GREAT AGAIN: Trump Officially Nominated at Republican Convention
World of Chaos
Did an FBI Employee Express Displeasure That Trump Survived Assassination Attempt?
Biden Admin Declares '100 Percent Support' for Secret Service After Trump Nearly Assassina...
Trump Announces VP Pick
Following the Attempt on Trump's Life, We Nominate the Worst Media Coverage
Joe Biden's Latest Plan to Combat Inflation Is a Joke
Here's How Democrats Reacted to Trump's VP Pick
Despite Embarrassing Error, Trump Is Actually Leading in Another Poll
Joe Biden's Public Rambles Doubled in a Year
Here’s What Trump Said About Project 2025’s Abortion Platform
Here's When Congress Will Hold a Hearing on the Attempted Assassination of Trump
AOC Compares Trump to ‘Fascism’ One Day After Assassination Attempt
Tipsheet

A Dem Disaster -- Or One for the GOP?!

According to the Washington Post, Democrats -- led by Sen. Patty Murray -- are going to threaten to allow the entire country to spiral into recession if Republicans don't agree to raise taxes on those making more than $250,000.  Senator Murray is proposing that, if Republicans don't agree to tax increases on "the rich," all the Bush tax cuts be allowed to expire . . . and then, presto!  Everything would be a "tax cut!"
Advertisement


If this is true, it is a political gift of unimaginable magnitude to Republicans.  After all, everyone from President Obama down has conceded that times of economic stress (like recessions) are a terrible time to raise taxes.  That's because you're requiring job-creators to pay to the government the money they might otherwise plow back into their companies and use to hire people.  And as a recent poll noted, a majority of Americans wants tax cuts for everyone -- yes, even the dreaded "wealthy."

And now, Senator Murray is calling for a massive "automatic" tax increase on everyone (with the expiration of the Bush tax cuts) so that restoring the current rates on those making less than $250,000 would be a "tax cut"!  Get it?!

The only worrisome part of this story is the aside that Democrats are "[e]mboldened by signs that GOP resistance to new taxes may  be weakening."  One reason that I suspect it's just big talk: There's no source (even an anonymous one) for it.

Another reason it had better be nothing but Democrat wishful thinking: Any accession to new taxes would be the GOP signing its own political death warrant.   It would be another "read my lips" disaster of epic proportion -- and a total repudiation of the low tax, high growth economic approach that has been a staple of mainstream GOP thought since a least the time of Reagan.
Advertisement

I'm guest hosting The Hugh Hewitt Show tomorrow, and we're going to try to find some Republican officials who can dispositively repudiate this hair-raising rumor that the GOP would cave in any way on tax increases.

Sponsored

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement