Tag: tax hikes

Commentary: The ‘Great Opportunity Project’ Spreads Best State Economic Policies Nationwide

RealClearWire

Next Monday is Tax Day, the last day for Americans to file their 2021 tax returns. This year’s Tax Day coincides with President Biden’s recent proposal to raise taxes on small businesses, corporations, and individuals by $2.5 trillion. His plan would partly reverse the Tax Cuts and Jobs Act signed at the end of 2017 that led to historic shared economic prosperity in 2018 and 2019.

While Biden is seeking to contract the size of the private economy through tax increases, numerous states are making positive reforms, including cutting taxes, to expand economic opportunity and well-being for their residents. Rather than fixating on Washington, policymakers can harness these best practices in the states and, eventually, adopt them at the federal level when the political climate allows. Call it the Great Opportunity Project.

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Commentary: Taking the Infrastructure Bill Hostage Didn’t Work

RealClearWire
Nancy Pelosi, AOC's mother and her all together

Back in August, New York magazine’s Jonathan Chait blessed the strategy of the Congressional Progressive Caucus to withhold their votes for the Senate’s bipartisan physical infrastructure plan until that bill was effectively linked to a bigger, broader, and surely partisan, measure investing in a range of items from climate protection to universal preschool. He argued that “ransoming the infrastructure bill” would turn the tables on the party’s moderates:

Historically, most partisan bills are shaped by the preferences of the members of Congress closest to the middle, and their colleagues on the political extreme simply have to go along with it. … This time, the left has real power. Progressives can credibly threaten to sink a priority that moderates care about more than they do.

Twice in the past two months, most recently last Thursday, the House progressives successfully executed this strategy, blocking attempts by Speaker Nancy Pelosi to pass the bipartisan infrastructure legislation before an agreement is reached on the larger “Build Back Better” bill.

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