GOP Needs to Stand and Fight
President Obama claims that he has a mandate to raise tax rates on higher income earners due to his re-election. Not so fast, Mr. President.
The GOP-led House retained their majority and we still have a gridlock in the Senate. So it would seem that the only way to get tax hikes is for the GOP to cave. As a conservative I believe that now, more than ever, we need to hold fast and not cave in to these extreme leftists and their job-killing agenda.
What we have in Washington is not a revenue problem, but rather a spending problem. We need real baseline cuts across the board along with entitlement reforms to Social Security and Medicare. Then we need to close loopholes while at the same time lowering the marginal rate for everyone. Then we need to reduce the corporate tax rate, and the capital gains rate. This conservative approach will work.
Three times in the last 60 years or more, we have seen tax rates cut. Each time we saw massive economic growth and higher revenues to the federal government. The problem is that Washington, instead of cutting spending, went on a spending binge that destroyed any lasting success from these tax cuts.
If we cut taxes for all Americans, and at the same time reduce our spending and reform our entitlement programs, we can fix this fiscal crisis. The economy will start to grow again. More revenues will flow into the treasury, and we will have less spending. This is the path to prosperity and fiscal sanity.
The GOP needs, now more than ever to stand fast and fight for these conservative principles. Stand fast, fight on, and no retreat.
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