Three Times Trump's Latest Oval Office Meeting Left Viewers Stunned
Two Israeli Embassy Staffers Were Assassinated in DC Tonight
Pro-Hamas Protesters Hijack Columbia University's Graduation in Fiery Display
Did Trans Activists Really Think This Yosemite Stunt Was Going to Change Anything?
Judge Tries Again to Block the Trump Administration's Deportations
Re-writers of the Record Jake Tapper and Alex Thompson Are Sternly Corrected by...
Are Suppressors Going to Be Delisted From NFA After All?
Accountability for McIver? Mace Files Motion to Expel Congresswoman After She's Been Feder...
Is James Clyburn for Real in This Defense of Biden?
After Illegal Immigrant Adult Allegedly Impersonated a HS Student for Over a Year,...
Still Another Poll Brings Hope for a Potential Stefanik Gubernatorial Run
Air Force Vet Held in Venezuela ‘Excited To Be Home’ After Ric Grenell...
Big, Beautiful Bill Clears the Rules Committee. Will House Freedom Caucus Support It...
GOP Lawmaker Wonders Who Was Really Running the US Under Biden
Tipsheet

Setting the Record Straight on Trump's 'Big, Beautiful Bill'

AP Photo/Rod Lamkey, Jr.

As House Republicans aim to pass the reconciliation package before Memorial Day recess, perhaps even in the coming hours, a few points: First, in addition to its much-discussed tax provisions, the legislation also increases border security and immigration enforcement resources, while further unshackling domestic energy production. It addresses multiple important legislative priorities, and supporters shouldn't hesitate to raise these issues when discussing its projected impacts.  Second, in spite of the exhausting and stale talking points coming out of the Democrats and the media -- who are currently under a deserved glare of scrutiny for brazenly lying about a former president's fitness for office -- the 'big beautiful bill' is not merely beneficial to "the rich" and "big corporations."  Not even close.  The 2017 tax cuts, which were also feverishly opposed by the exact same people now lying and misleading about extending those cuts, slashed taxes across every single income group.  The overwhelming majority of taxpayers, including and especially middle class and working Americans, received relief.  Businesses large and small also benefited.  The same applies here:

Advertisement


This resulted in lower taxes across the board and an economic boom (higher employment, higher wages, economic growth, and even higher government revenue, as we'll emphasize below), which was only interrupted by the COVID pandemic, years later.  Critically, if those tax cuts expire at the end of the year, as they're scheduled to do automatically under existing law, all of the beneficiaries of the lower rates will face a tax increase.  In total, it would amount to a tax hike of approximately $4 trillion, a disaster for families still hurting from four years of inflation under Biden.  Again, this matters for everyone, not just the wealthy.  In addition, the new bill adds relief on the income tax side of tips and overtime.  Whether you support that policy or not (you may recall that Kamala Harris belatedly tried to steal the idea from Trump during the last campaign), lowering taxes on tips and overtime work is a benefit aimed squarely at working people.  How many rich people do you know who work for tips and count their overtime hours?  A few additional relevant notes:

Advertisement


I certainly share some honest brokers' concerns about unsustainable federal overspending, about which we've warned for years, under presidents of both parties.  The math is the math:


That said, I don't view letting Americans keep more of the money they earn as government "spending."  And as mentioned above, the last time Republicans cut taxes -- over unified and at times hysterical opposition from the Democrats and media -- tax revenues increased to record levels because the economy thrived.  All the (literally) apocalyptic doomsaying was proven wrong, with nearly every critique and prediction falling flat on its face.  Don't be fooled by the exact same people saying the exact same things.  They have earned distrust and lack of credibility on this subject.  Indeed, there's a very recent case study to point to.  It's also hard to take leftists seriously when they wring their hands about deficits and debt only in the context of tax cuts and defense spending.  These are the two areas in which their selective deficit hawkishness cynically emerges.  Meanwhile, they demand huge spending expansions in virtually every other context, and actively demagogue any discussion whatsoever about essential reforms to gargantuan long-term debt drivers like Social Security and Medicare (which are not touched in this bill, by the way).  Republicans have become increasingly irresponsible and reality-denying on this front, which is a problem.  Democrats are outright delusional, wanting to make those problems far, far deeper.  

Advertisement

They also frame any modest efforts to scale back previous massive expansions as cruel, misery-spreading, death-causing "cuts."  On Medicaid, for instance, many of the "cuts" (Medicaid spending still increases under the bill) involve throwing ineligible recipients like illegal immigrants off of taxpayer benefits to which they are not legally entitled.  The 'cuts' also feature requiring able-bodied, working-age people who receive benefits to prove that they're working, or actively seeking work.  This is a Clinton-era welfare reform policy idea.  One of the Democrats' arguments against an idea one of their party's living presidents famously embraced isn't terribly persuasive, in my mind:


And once again, overall, Medicaid spending still increases under this bill -- just not as much as Democrats want it to.  Republicans want to save money by removing people who are not eligible from the Medicaid rolls, while encouraging work (people can get benefits through their jobs, rather via taxpayers), and therefore stabilizing the program for the truly needy, indigent and disabled people for whom it was designed in the first place.  In short: (1) Spending is the problem when it comes to our red ink crisis.  Neither party is serious about it.  Change course and get serious, or we're headed for a crash eventually.  (2) The last thing our economy needs right now is a gigantic tax increase.  (3) The vast majority of the people squealing about the reconciliation bill are partisans or bad faith actors who were disastrously wrong about all of this just a few years ago.  Ignore them.  (4) Pass the bill.

Advertisement

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement