The GOP’s (Not So) Hidden Agenda for 2018 | The Odyssey Online
Start writing a post
Politics

The GOP’s (Not So) Hidden Agenda for 2018

Their goal began during the New Deal era, and may end in 2018

290
The GOP’s (Not So) Hidden Agenda for 2018
media.wired.com

On December 22, Trump signed his signature tax bill into law. He proclaims that the bill will cut taxes for all economic classes, spur job growth and bolster the economy. The veracity of these claims is to be seen, but if one is to use history as a standard of truth then these claims would prove decidedly false.

Trump’s version of “voodoo economics” is nothing new, and has been tried and failed multiple times. During the Roaring ‘20s, Republicans made significant tax provisions that led to the Great Depression and this occurred again under George Bush’s administration which led to the Great Recession. The truth of the matter is that tax cuts, especially for the wealthy, “[do] not improve economic growth or pay for themselves,” and having blind, ignorant faith in this has led to several economic failures.

Republicans purportedly tout that the revenues generated from tax cuts will pay for the deficit it create, regardless of history or the Joint Committee on Taxation concluding that the tax bill will result in the deficits explosion or even Paul Ryan admitting to not knowing whether the tax bill will fund itself. He even went so far as to state that “entitlement reform” is necessary to “tackle the debt and the deficit.”

The reality of the supply-side theory is that it depends on cuts to federal programs in order to even survive a recession it inevitably produces. Conservatives know this, and have adopted the theory to further their age-old agenda of shrinking the size and the scope of the government – that is the mail goal.

Arguments against tax cuts has been inadequately framed by many Democrats by relying on the four decades-old argument that tax cuts “mainly function as handouts to businesses and the wealthy.”

However true this may be, it grants merit to their baseless, insubstantial claim by accepting it as a theory and not a political strategy. The deception of these tax cuts as beneficial to the economy or even as a handout to the wealthy has allowed conservatives to be able to achieve what they have been aiming for since the passage of the New Deal – destroy any and all forms of safety net/federally-funded programs.

Until the argument is framed in a way that does not accept or tolerate the falsity of voodoo economics, this country will continue to find itself in a whirlpool of tax cuts, deficit explosions and entitlement cuts. Again, again and again

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Drake
Hypetrak

1. Nails done hair done everything did / Oh you fancy huh

You're pretty much feeling yourself. New haircut, clothes, shoes, everything. New year, new you, right? You're ready for this semester to kick off.

Keep Reading...Show less
7 Ways to Make Your Language More Transgender and Nonbinary Inclusive

With more people becoming aware of transgender and non-binary people, there have been a lot of questions circulating online and elsewhere about how to be more inclusive. Language is very important in making a space safer for trans and non-binary individuals. With language, there is an established and built-in measure of whether a place could be safe or unsafe. If the wrong language is used, the place is unsafe and shows a lack of education on trans and non-binary issues. With the right language and education, there can be more safe spaces for trans and non-binary people to exist without feeling the need to hide their identities or feel threatened for merely existing.

Keep Reading...Show less
singing
Cambio

Singing is something I do all day, every day. It doesn't matter where I am or who's around. If I feel like singing, I'm going to. It's probably annoying sometimes, but I don't care -- I love to sing! If I'm not singing, I'm probably humming, sometimes without even realizing it. So as someone who loves to sing, these are some of the feelings and thoughts I have probably almost every day.

Keep Reading...Show less
success
Degrassi.Wikia

Being a college student is one of the most difficult task known to man. Being able to balance your school life, work life and even a social life is a task of greatness. Here's an ode to some of the small victories that mean a lot to us college students.

Keep Reading...Show less
Lifestyle

6 Signs You're A Workaholic

Becuase of all things to be addicted to, you're addicted to making money.

488
workaholic
kaboompics

After turning 16, our parents start to push us to get a job and take on some responsibility. We start to make our own money in order to fund the fun we intend on having throughout the year. But what happens when you've officially become so obsessed with making money that you can't even remember the last day you had off? You, my friend, have become a workaholic. Being a workaholic can be both good and bad. It shows dedication to your job and the desire to save money. It also shows that you don't have a great work-life balance. Here are the signs of becoming a workaholic.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments