Did you know? The Patriot Post is funded 100% by its readers. Help us stay front and center in the fight for Liberty and support the 2024 Year-End Campaign.

December 8, 2011

Republicans Are Losing the Tax Debate

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.

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.

The very rich might be slobs or they might be living saints, but like everyone else, their taxes are not to be raised because they spend their money or invest their money in economic growth. They cannot help themselves. The way they spend or invest is always more efficient than the government. Money spent by the rich (and the middle class) leads to growth. Money spent by the government rarely leads to growth, and the following year the government has to come up with more money again.

Obamacare was sold to a gullible public in part with delusional claims that thousands of health care givers would be employed by the largess of the federal government. And who would employ them in the years ahead? If health care were paid for by private means, the health care givers would still be working in the years to come, and they would not be dependent on the government. Government is not a reliable source of funds. Ask a citizen of Greece or of Italy.

There is a way for Republicans to win the tax debate. They should say that all Americans know better how to invest and spend their money than the federal government. Then they should say that under Obama, the government is munching on up to 25 percent of the GDP. It should lower its intake back to the traditional 18 to 20 percent. No one can afford a government that consumes 25 percent of GDP.

COPYRIGHT 2011 CREATORS.COM

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the Tunnel to Towers Foundation, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.