EDITORIAL: On taxes, the GOP takes a U-turn
Suddenly, after eight years of fretting about deficits and debt, the
Among the notable points of this plan is that
"It's a great talking point when you have an administration that's Democrat-led. It's a little different now that
Walker was making an observation about colleagues and not himself, but the message is unambiguous either way given that Walker, head of the ultra-conservative Republican Study Committee, has embraced a tax outline that will explode the deficit.
The annual deficit ballooned to about
The deficit is projected to rise back above
Not only that, there is little evidence current rates have hampered corporate performance. The stock market just set another high -- after repeatedly setting and resetting highs during the Obama presidency -- and in recent years, corporate profits have broken records. Let us also not forget that a corporate tax holiday in 2004 designed to entice companies to repatriate earnings led to neither new jobs nor faster economic growth. That's why the
If Walker is serious about the debt and deficit as he insists, he will have to show more leadership than he or his party has so far.
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