Larry Kudlo: Republicans in Congress should not stop Trump tax cuts

Suddenly, nothing but bad news comes out of the Republican Congress with regard to tax discounts. Some people at home talk about the extension of 5 years of Trump’s tax discounts. Senators talk about 2, or even 3 budget bills that put tax cuts towards the back of the waiting list. This is the bad economy and bad politics.

They are Republicans who suffer from memory loss around the economy. Which was the first number of last November elections. There were two components of the economy: inflation and the ability to bear costs. In other words, with the high frequency rate by 20 %, the real wages of workers with medium and low blue collars decreased. The successful coalition of Mr. Trump was not a working class on the basis of race, gender or left -wing culture. It was based on the scarcity of income.

There are two ways to fatten the average income portfolios. Low inflation, which would Low energy costsAnd less Government spending and money printingAnd lower their taxes. The display side policies are always political and economic winners. Voters of the working class were unable to live in the Biden economy. But the Republican economic policies must give many elbows a space for working people so that they can fatten their governor and provide Trump’s economy easily. If Republican hanging is a set of failed economic models of government government meters, such as CBO, the Republican Party must stand and fight them.

Revenue after Trump’s tax discounts in 2017 It increased by $ 1.5 to $ 2 trillion. Even the Central Bank of Oman admits that it was approaching $ 2 trillion above their early estimates. Although it seems dark, and in the forest, the Republican Party should use the Senator Policy Foundation Mike Crabo – who argues that conducting permanent popular tax cuts, but in the future, will not cause revenue loss. So they do not have to reduce $ 4 to $ 5 trillion in spending immediately. Yes, they should spend on 3 % Scott Besst deficit of gross domestic product deficit. And reduce the percentage of debt to the gross domestic product. However, Lavir’s curved growth distributions of tax cuts will be huge.

This is what history shows. Another reason that makes the Republican Party party all the Trump tax discounts permanently: the president wants it.

He was elected to the tax reduction promise from among others. As the White House press secretary Caroline Levitte said today, the tax priorities of Mr. Trump are very clear: perform tax cuts for the permanent year 2017, no tax on advice, no tax on the elderly, no tax tax, and tax discounts in America, products, Eliminate special tax exemptions for billionaires – including sports team owners. Or the vulnerability of the benefits preserved on investment. These are presidential priorities. He won the elections by the near ground collapse.

Its alliance is from the working class of black, brown, Asians, youth, women and males, this alliance was largely dependent on an optimistic belief that Trump can renew the youth of the economy The unlimited access to climb the opportunities is what Mr. Trump was elected. Republicans in the House of Representatives and the Senate should not stand on the road to President Trump.