Republicans Bet the Farm

Why Republican Politicians Ignore Gun Owners
Why Republican Politicians Ignore Gun Owners

U.S.A.-(Ammoland.com)- President Trump, every Republican senator, and the GOP majority in Speaker Paul Ryan's House just put the future of their party on the line.

By enacting the largest tax cut since the Reagan administration, the heart of which is cutting the corporate rate from 35 to 21 percent, Republicans have boldly bet the farm.

They have rewritten America's tax code to reflect their belief that cutting taxes on the private sector will produce the prosperity they have promised. If it happens, the GOP will reap the rewards, if not by 2018, then in 2020.

Democrats, as the Party of Government, egalitarian and neo-socialist, have come to see their role as redistributing wealth from those who have too much — to those who have too little. For, as men (and women) are born unequal in ambition, ability, talent, energy, personality and drive, free markets must inevitably produce an inequality of results.

The mission of Democrats is to reduce those inequalities. And as the very rich are also the very few, in a one-man, one-vote democracy the Democratic Party will always have a following.

Winston Churchill called this the philosophy of failure and the gospel of envy.

Republicans see themselves as the party of free enterprise, of the private not the public sector. They believe that alleviating the burden of regulation and taxation on business will unleash that sector, growing the economy and producing broader prosperity.

By how they voted Wednesday, Republicans yet believe in “supply-side” economics. In the early '80s, this was derided as “voodoo economics” and “trickle-down” economics, and pungently disparaged by John Kenneth Galbraith as an economic philosophy rooted in the belief that, if you wish to feed the sparrows, you must first feed the horses.

The problem for Democrats is that Reaganomics worked, and is seen historically to have been successful. In 1984, growth was near 6 percent and Reagan rode to a 49-state landslide over Fritz Mondale who, at his San Francisco convention, had declared he would raise taxes.

Thus the importance of what happened Tuesday and Wednesday on Capitol Hill should not be underestimated.

On their legislative agenda, Republicans broke out of a slump. Though they got not a single Democratic vote in either chamber, they showed they can govern alone. On the lead item on the GOP-Trump agenda — taxes — they delivered. They shifted policy dramatically toward Republican philosophy. They wagered their future on their convictions. And the splenetic rage among Democrat elites suggests that they know they have suffered a defeat difficult to reverse.

Moreover, though the bill that came out of Congress is unpopular, the nation will not vote on Trumpian management of the economy until November 2018, after the early returns from the tax cut have come in.

And the Democratic Party has also been put into a tight box.

As Democrats have denounced the tax bill for exploding the debt by $1.5 trillion, how do they propose to pay for all the free stuff, including free tuition and infrastructure, that they will have on offer?

There are only two options: borrowing and growing the national debt themselves or raising taxes, as Mondale promised to do.

Another problem for Democrats is the new $10,000 limit on the tax deduction for state and local income and property taxes.

In blue states like Oregon, Minnesota, New Jersey, Vermont, Hawaii, the top state income tax rate is 8 to 10 percent. In Jerry Brown's California and Andrew Cuomo's New York, it hits 13 percent — before adding property taxes on homes and condos in Manhattan and second homes out on Long Island.

Virtually eliminating state and local tax deductions is going to cause some of the rich to consider relocating to low-tax or no-tax red states in the Sun Belt like Florida. And it is going to put pressure on blue state pols to cease adding to the state and local tax burdens that Uncle Sam is not longer helping to carry.

Stepping back from all the Sturm und Drang of 2017, the Trump-Republican record of achievement, of meeting commitments made in the campaign of 2017, is not unimpressive.

The largest tax cuts in decades. Elevation of Neil Gorsuch to the Antonin Scalia seat on the Supreme Court. A record number of new U.S. appellate court judges approved by the Senate. The U.S. is out of the Paris climate accord and out of the Trans-Pacific Partnership.

NAFTA is being renegotiated. Alaska's Arctic National Wildlife Refuge will be open for drilling. The U.S. is at full employment, with minority unemployment near record lows. The stock market has consistently broken records, with the Dow having added 5,000 points. The Obamacare individual mandate tax is gone. Obama-era regulations have been cut and some eliminated.

And one year deeper into Russiagate, and still there is no proven collusion between candidate Trump and the Russians.
Indeed, the Robert Mueller investigators appear now to be coming under as much scrutiny and suspicion for how they behaved during the election and transition as Vladimir Putin and the Russians.


About Patrick J. BuchananPat Buchanan

Patrick J. Buchanan is the author of the new book “The Greatest Comeback: How Richard Nixon Rose From Defeat to Create the New Majority.

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The other Jim
The other Jim
2 years ago

@Wild Bill, over 30-35 years of fighting and continued deterioration; cut and run good idea, but not just yet I have unfinished business. They didn’t double the Standard Deduction (which would continually bump up depending on inflation). For Single and Married Filing Separate it was $6,300; doubling would be $12,600. For Married Filing Joint and Qualifying Widower it was $12,600 for 2016, doubled would have been a Standard Deduction of $25,200. For Head of Household Status it was $9,300, doubled would have been $18,600. The Tax Liability is after deductions and tax credits (except refundable tax credits). There are many… Read more »

Aardvark
Aardvark
2 years ago

By the way, Republican politicians have been “betting the farm” for a long time. Finally going along with our POTUS on tax reform and actually helping to accomplish something good, may be their saving grace. Without supporting some positive changes, the Republican party was on a death spiral, which would leave the Dems or another non-politician to fill the void.

durabo
durabo
2 years ago
Reply to  Aardvark

I bailed out of the GOP in disgust in 1990, and became a proud Independent, to, the political right of Attila the Hun and John Wayne. I wrote the following, which still stands:

“Democrats and today’s Republicans are the two wings of the same loathsome Socialist carrion-feeder.”

Wild Bill
Wild Bill
2 years ago
Reply to  Aardvark

Both parties promote corruption at the expense of the American people. If we went back to the Constitution, we’d pay about 2% fed income tax, but there is no profit in that for the parties and their select party hacks. There is no profit in letting Americans be a free people.
It is no longer Repub v democrat, nor is it conservative v libtard, it is corrupt politicians versus “not corrupted yet” politicians. Term limits, the people’s right to recall malfeasant judicial, congressional, and bureaucratic employees, and ban lobbyists and political parties.

Aardvark
Aardvark
2 years ago

The Democrats tout themselves as being the party to reduce inequalities, but these inequalities always get worse under their “leadership”, and they find ways to profit from their constituents plight. The inner city minority poverty levels are perfect examples of this. The Republicans in general are just Democrats wearing a different label. They run on positive change like lower taxes, illegal immigration cures, more energy exploration, abolishing ObamaCare, and restoring the Constitution, and then make nothing but excuses for why they can’t keep their promises after being elected. Thank God President Trump is actually making some progress toward Making America… Read more »

tomcat
tomcat
2 years ago

What a vicious circle. The states of N.Y., California and several others tax their citizens to the limit and hire people to watch over citizens just in case they might violate some preposterous law. You, the citizen, is paying for your own demise. It is not the responsibility of the federal government to prop these states up. If you are paying too much in taxes get something done about it or move. The last one to leave, please turn out the lights.

Wild Bill
Wild Bill
2 years ago

Buchanan, Even with all you have written, you must know that it would be a real mistake for the GOP to ignore the demands of gun owners. I am a gun owner. I, now, have the benefits of Fed. Income Tax reform. Thank you is all the pay that you will receive for that tax relief.
But I have other wants and will not hesitate to punish the GOP for failing to attend to my Second Amendment wants, and I am not alone.

tomcat
tomcat
2 years ago

+When a republican is elected the democrapts become the party of NO and the whole country is turned upside down to them. I guess they do not realize the pay and all the great benefits they receive is meant as payment for conducting the business of the people of this country. They spend all their time either assaulting women that work there or trying to overthrow the government. All that is just wrong. If they are in power they concentrate on taking from the rich and giving to the poor. Everyone in this country started with the same opportunities and… Read more »

FB
FB
2 years ago

This next year will either break or make the GOP.

The other Jim
The other Jim
2 years ago

Keep spreading the word Buchanan…only the rich have homes on Long (their second ones), “Virtually eliminating state and local tax deductions is going to cause some of the rich to consider relocating to low-tax or no-tax red states in the Sun Belt like Florida.” You think so Pat, which state should the people in the states you mention move to with the loss of 5 Exemptions for dependents they support in their household (5 X $4,050 = $20,250) or $20,250 in deductions on their tax returns? Which states will they recover this loss of $20,250 in deductions they now must… Read more »

Wild Bill
Wild Bill
2 years ago
Reply to  The other Jim

@TOJ, Your FIT liability even before deductions will be lower. Your Standard deduction is doubled. And there are five states that have no state income tax. Pick one of those, quietly sell out, and move. Many have already.

Tionico
Tionico
2 years ago
Reply to  Wild Bill

Don’t bother with the one in thne top left corner. We don’t YET have a statte income tax. but they’e been trying to ram it through now for years. This past election the dims managed to squeeze out the Rep majority by a seat or two. Now the dims have all three…. the executive, sealed by the AtG, and both houses of the Marble Zoo. If not this upcoming session, then surely the next, we will have an income tax. Even if we manage to dodge THAT buillet, they’re working on mileage taxes, the envirocreeps and politically correct globalists are… Read more »

Steve
Steve
2 years ago

Great Article, very precide and informative.

durabo
durabo
2 years ago

You Repugnicans need to purge these two “leaders,” who are as meaningful and memorable as mammaries on a male Marine major. Your GOP is just a gaggle of better-dressed Demoncraps.

Boz
Boz
2 years ago
Reply to  durabo

True, very true.