Tax cuts: Not helping the GOP
Somehow, Republicans managed to pass a tax cut that most Americans don’t like, said Eric Levitz in NYMag.com. When President Trump signed the GOP tax reform bill late last year, polls showed it to be “even less popular than the tax hikes passed under George H.W. Bush and Bill Clinton.” Republicans hoped that would change as soon as Americans started seeing more money in their paychecks, but voters are still dubious. Today, just 27 percent of Americans say the tax cuts are a “good idea,” while 53 percent think they will have a negative impact by causing deficits to rise while lavishing disproportionate benefits on the rich. This is a “harrowing development” for the GOP. If Republicans can’t sell voters on tax cuts, their one significant legislative accomplishment of the Trump era, “what are they supposed to sell them?”
How about even more tax cuts? said Lauren DeBellis Appell in FoxNews.com. Congressional Republicans had to let the cuts for individuals expire in 2025 for budget and procedural reasons, but are mulling legislation that would make those cuts permanent. They should, because taxpayers need to be reminded who’s on their side. The Treasury Department estimates that take-home pay has increased for 90 percent of Americans. “More money in your pocket is a winning message.” Unfortunately, that message alone won’t cut it, said Rich Lowry in Politico.com. The tax cuts will be almost a year old by the midterms, and Republicans have no other policy agenda in the works to give Americans a reason to vote for them—despite controlling Congress and the White House. “Republicans are resting on their laurels, when they don’t deserve any laurels.”
It looks like voters are no longer buying the GOP’s “snake oil,” said Paul Krugman in The New York Times. For decades, Republicans have sold tax cuts for the wealthy and corporations as a magical elixir that produces so much economic growth that they pay for themselves, and trickle down into big pay raises for the middle class. But the deficit is now projected to soar to more than $1 trillion by 2020, thanks in large part to the tax bill. Corporations are pocketing billions in tax relief, without sharing much of it with employees. So what will Republicans run on in the midterms in November? Expect more white-identity politics. In the Trump era, it’s all the GOP has left.