• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
NEWT GINGRICH: We Must Stop The Republican Tax Increasers

NEWT GINGRICH: We Must Stop The Republican Tax Increasers

April 15, 2025
US Will Reportedly Let Iran Enrich Uranium In Major Nuclear Deal Concession

US Will Reportedly Let Iran Enrich Uranium In Major Nuclear Deal Concession

June 2, 2025
Supreme Court Will Not Hear 2nd Amendment Challenges 

Supreme Court Will Not Hear 2nd Amendment Challenges 

June 2, 2025
‘It’s A Good Start’: Trump’s NIH Takes Step To Hold Risky Research Labs Accountable

‘It’s A Good Start’: Trump’s NIH Takes Step To Hold Risky Research Labs Accountable

June 2, 2025
Andrew Cuomo’s Campaign Attorney Targets Union That Made A List Of ‘Top Ten Reasons’ Not To Vote For Him

Andrew Cuomo’s Campaign Attorney Targets Union That Made A List Of ‘Top Ten Reasons’ Not To Vote For Him

June 2, 2025
‘Habitual Lawbreakers’: ICE Rolls Up Hundreds Of Illegal Migrant Criminals In Sprawling Blue State Operation

‘Habitual Lawbreakers’: ICE Rolls Up Hundreds Of Illegal Migrant Criminals In Sprawling Blue State Operation

June 2, 2025
NEWT GINGRICH: Do We Really Want Waste And Fraud In Medicaid?

NEWT GINGRICH: Do We Really Want Waste And Fraud In Medicaid?

June 2, 2025
Egg Prices Have Dropped 61% Since Trump Took Office

Egg Prices Have Dropped 61% Since Trump Took Office

June 2, 2025
‘Reckless’: Mike Huckabee Slams Media For Pushing Hamas ‘Propaganda’ Hours Before Colorado Terror Attack

‘Reckless’: Mike Huckabee Slams Media For Pushing Hamas ‘Propaganda’ Hours Before Colorado Terror Attack

June 2, 2025
Fed Offers Up Prediction That Spells Good News For Trump’s Economy

Fed Offers Up Prediction That Spells Good News For Trump’s Economy

June 2, 2025
Climate Activist Greta Thunberg Sets Sail for Gaza

Climate Activist Greta Thunberg Sets Sail for Gaza

June 2, 2025
Illinois Dems Lay Budget Woes At Trump’s Feet After Taxing Their Citizens Into Ground

Illinois Dems Lay Budget Woes At Trump’s Feet After Taxing Their Citizens Into Ground

June 2, 2025
Dem Senator Really Doesn’t Like Showing Up To Work On Mondays

Dem Senator Really Doesn’t Like Showing Up To Work On Mondays

June 2, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Monday, June 2, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home Commentary

NEWT GINGRICH: We Must Stop The Republican Tax Increasers

by Daily Caller News Foundation
April 15, 2025 at 1:32 pm
in Commentary, Op-Ed, Wire
250 2
0
NEWT GINGRICH: We Must Stop The Republican Tax Increasers
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Daily Caller News Foundation

Republicans passed a blueprint for President Donald Trump’s “big, beautiful bill,” but the challenge is far from over.

Speaker Mike Johnson and other Republicans must remain vigilant against any effort by misguided members to raise tax rates in the final bill. This is historically important and could have huge political consequences.

The truth is, there has always been a pro-tax increase faction within the GOP. The same night President Ronald Reagan’s three-year tax cut passed the House of Representatives two of his top aides met to discuss how to claw back some of the money that would be returned to the American people. Their ideology told them it was the government’s money. To Reagan, it was the American people’s money.

President Reagan represented a revolution in Republican thinking about taxes. He was convinced by Congressman Jack Kemp, Art Laffer, Jude Wanniski, Larry Kudlow, and other supply side economics advocates that lower taxes and reduced regulation would lead to a private sector boom and create an enormous number of jobs.

At the time, most Republicans were fiscal hawks narrowly worried about deficits and cutting spending. Then-Republican Senate Majority Leader Howard Baker called the three-year tax cuts “a river boat gamble.”

Despite the overwhelming success of Reagan’s strategy, the pre-Reagan wing remained willing to raise taxes. In 1988, then-Vice President George H.W. Bush pledged “read my lips, no new taxes” at the Republican National Convention (which earned huge applause). Yet, in 1990, President Bush allowed his senior staff and the Democrats to talk him into breaking his word. Bush’s tax increase was a catastrophic decision. It weakened the economy, split the Republican Party, and directly led to Bush’s defeat in 1992.

Now, the pro-tax Republicans are back. They argue that a small tax increase could be raised on the rich to offset President Donald Trump’s commitment to eliminate taxes on tips and social security.

Some of the shallower pollsters suggest that raising taxes on successful people would vaccinate Trump from the leftwing charge that he only favors tax cuts for billionaires. This is balderdash. The Democrats are going to say that no matter what.

Grover Norquist heroically developed the “Taxpayer Protection Pledge,” which is a pledge to not raise taxes. He said publicly that any budget reconciliation bill that has a tax increase would be a violation of the long-term Republican commitment to lower taxes and smaller government.

I strongly support passage of Trump’s “big, beautiful bill.” It must be passed and signed into law by June, so the economy can recover by the beginning of 2026. This is key for a strong GOP campaign that grows Republican majorities – in the House and Senate.

Given the current mood of Democrats, the bill will have to be passed with Republican votes. Poison pill tax increases will only lead Republican in-fighting – which the media and Democrats would love to watch – and the bill’s potential failure.

Republicans in the House, Senate, and White House should commit themselves to passing the “big, beautiful bill” with no new taxes.

In addition to making America wealthy again, it would be a real building block toward a permanent Republican majority.

Republicans passed a blueprint for President Donald Trump’s “big, beautiful bill,” but the challenge is far from over.

Speaker Mike Johnson and other Republicans must remain vigilant against any effort by misguided members to raise tax rates in the final bill. This is historically important and could have huge political consequences.

The truth is, there has always been a pro-tax increase faction within the GOP. The same night President Ronald Reagan’s three-year tax cut passed the House of Representatives two of his top aides met to discuss how to claw back some of the money that would be returned to the American people. Their ideology told them it was the government’s money. To Reagan, it was the American people’s money.

President Reagan represented a revolution in Republican thinking about taxes. He was convinced by Congressman Jack Kemp, Art Laffer, Jude Wanniski, Larry Kudlow, and other supply side economics advocates that lower taxes and reduced regulation would lead to a private sector boom and create an enormous number of jobs.

At the time, most Republicans were fiscal hawks narrowly worried about deficits and cutting spending. Then-Republican Senate Majority Leader Howard Baker called the three-year tax cuts “a river boat gamble.”

Despite the overwhelming success of Reagan’s strategy, the pre-Reagan wing remained willing to raise taxes. In 1988, then-Vice President George H.W. Bush pledged “read my lips, no new taxes” at the Republican National Convention (which earned huge applause). Yet, in 1990, President Bush allowed his senior staff and the Democrats to talk him into breaking his word. Bush’s tax increase was a catastrophic decision. It weakened the economy, split the Republican Party, and directly led to Bush’s defeat in 1992.

Now, the pro-tax Republicans are back. They argue that a small tax increase could be raised on the rich to offset President Donald Trump’s commitment to eliminate taxes on tips and social security.

Some of the shallower pollsters suggest that raising taxes on successful people would vaccinate Trump from the leftwing charge that he only favors tax cuts for billionaires. This is balderdash. The Democrats are going to say that no matter what.

Grover Norquist heroically developed the “Taxpayer Protection Pledge,” which is a pledge to not raise taxes. He said publicly that any budget reconciliation bill that has a tax increase would be a violation of the long-term Republican commitment to lower taxes and smaller government.

I strongly support passage of Trump’s “big, beautiful bill.” It must be passed and signed into law by June, so the economy can recover by the beginning of 2026. This is key for a strong GOP campaign that grows Republican majorities – in the House and Senate.

Given the current mood of Democrats, the bill will have to be passed with Republican votes. Poison pill tax increases will only lead Republican in-fighting – which the media and Democrats would love to watch – and the bill’s potential failure.

Republicans in the House, Senate, and White House should commit themselves to passing the “big, beautiful bill” with no new taxes.

In addition to making America wealthy again, it would be a real building block toward a permanent Republican majority.

Republished with permission from Gingrich360.com.  For more commentary from Newt Gingrich subscribe to the Newt’s World podcast.

The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Tags: big-tent-ideasDCNFU.S. News
Share196Tweet123
Daily Caller News Foundation

Daily Caller News Foundation

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th