Republican Party

The GOP Big Election Platform: More Tax Cuts

SK Ashby
Written by SK Ashby

Congressional Republicans heard you like tax cuts, so they added some tax cuts to your tax cuts.

Republicans know they have to run on something when they head home to campaign next month, but the problem is they haven't done in anything in the last three years.

It follows that their new platform was seemingly frozen in carbonite three years ago.

The House Republicans’ economic priorities include new tax breaks for businesses, forgivable Paycheck Protection Program loans for companies struggling during the coronavirus shutdown, and making the 2017 GOP tax cuts for families permanent.

To fight the virus outbreak, Republicans call for tripling COVID-19 testing and investing in therapeutics for treatments. Taking a page from the Affordable Care Act, or Obamacare, they vow to preserve insurance coverage for those with pre-existing health conditions — even though Republicans are suing to end health care coverage under the 2010 law.

You probably don't need me to point this out, but businesses and wealthy shareholders were already the primary beneficiaries of the GOP's $1.5 trillion tax cut in 2017. Families need higher wages and stability, not permanent tax cuts that didn't move the needle in a significant way even before everything went to shit.

And presumably referring to automatic forgiveness for PPP loans, is that really a good idea for a program that has already spawned criminal prosecutions for fraud?

When he unveiled this scant platform yesterday, House Republican Minority Leader Kevin McCarthy said Republicans built the "greatest economy in a generation" and that's what they're running on, but we all know they didn't build anything. Trump and congressional Republicans coasted on President Obama's economy and their only major contribution to economic policy since President Obama left office was their tax cuts. They never even supported an infrasturcture spending bill even though Trump staged numerous 'infrastructure weeks' over the years.

I don't think this platform is going to sway anyone who wasn't already committed to voting for Republicans. It's just more of the same in an era that isn't the same at all. Rebuilding this country and returning to full employment is going to require higher taxes on the rich and significant public investment, Republicans are more or less running on austerity after the worst recession in the last century.