Speaking to reporters in Kentucky, McConnell said Republicans could support a “much more modest” approach, and one that doesn't rely on corporate tax hikes to pay for it.
But it’s not at all certain the GOP playbook that worked more than a decade ago will produce the same political gains this time around. Voters appear tired of the partisan stalemate in Washington. Many live in the country's run-down areas and are signaling they are initially supportive of Biden’s approach to governing, at least on the virus aid package.
Biden's big infrastructure plan hits McConnell-GOP blockade (yahoo.com)
That is, tax hikes are verboten. Moscow Mitch doesn't argue the merits (or demerits of Biden's plan. And I'd argue the demerits outway the merits, but that's another story)
And btw Reagan hiked taxes twice (at least): once purely on the deficits and again on social security. So Moscow Mitch and the Norquest gop are fulla shit.
But Reaganomics is not really applicable today. In 1980 the taxcuts provided a pool of private capital looking for investment, and we went on the biggest expansion of the latter half of the last century. And left communism and socialism in the dust, btw.
Today we have a surplus of capital and insuffiecient demand. The Fed and even Wall St. are on board with tax hikes for infrastructure - a term that is imprecise for sure.
But it’s not at all certain the GOP playbook that worked more than a decade ago will produce the same political gains this time around. Voters appear tired of the partisan stalemate in Washington. Many live in the country's run-down areas and are signaling they are initially supportive of Biden’s approach to governing, at least on the virus aid package.
Biden's big infrastructure plan hits McConnell-GOP blockade (yahoo.com)
That is, tax hikes are verboten. Moscow Mitch doesn't argue the merits (or demerits of Biden's plan. And I'd argue the demerits outway the merits, but that's another story)
And btw Reagan hiked taxes twice (at least): once purely on the deficits and again on social security. So Moscow Mitch and the Norquest gop are fulla shit.
But Reaganomics is not really applicable today. In 1980 the taxcuts provided a pool of private capital looking for investment, and we went on the biggest expansion of the latter half of the last century. And left communism and socialism in the dust, btw.
Today we have a surplus of capital and insuffiecient demand. The Fed and even Wall St. are on board with tax hikes for infrastructure - a term that is imprecise for sure.