• 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
Trump Threatens ‘Very Big Force’ Against  Saturday Protesters 

Trump Cuts G7 Trip Short to Return to DC Due to Middle East Conflict

June 17, 2025
Trump Admin Scores Victory Against Columbia

Trump Admin Scores Victory Against Columbia

June 17, 2025
EXCLUSIVE: GOP Group Torches VA Dems Over Sanctuary Cities Ahead Of Primary Election

EXCLUSIVE: GOP Group Torches VA Dems Over Sanctuary Cities Ahead Of Primary Election

June 17, 2025
EXCLUSIVE: House Urges DOD To Get Serious About Vetting Defense Contractors

EXCLUSIVE: House Urges DOD To Get Serious About Vetting Defense Contractors

June 17, 2025
Mexico’s Gulf Cartel Continues Sending Gunmen to Steal Trucks In Texas

Mexico’s Gulf Cartel Continues Sending Gunmen to Steal Trucks In Texas

June 17, 2025
Mexican Cartels Increasingly Using Drones to Replace ‘Scouts’

Mexican Cartels Increasingly Using Drones to Replace ‘Scouts’

June 17, 2025
Family of Imprisoned Mexican Drug Lord ‘El Chapo’ Flees to U.S. for Protection from Cartels

Family of Imprisoned Mexican Drug Lord ‘El Chapo’ Flees to U.S. for Protection from Cartels

June 17, 2025
Three U.S. State Department Advisors Gunned Down at Taco Stand in Mexico

Three U.S. State Department Advisors Gunned Down at Taco Stand in Mexico

June 17, 2025
Two Major Mexican Cartels Merge to Form ‘Mega-Cartel’

Two Major Mexican Cartels Merge to Form ‘Mega-Cartel’

June 17, 2025
Cartel Gunmen Abduct Mexican Police Officer, Entire Family Just South of Texas Border

Cartel Gunmen Abduct Mexican Police Officer, Entire Family Just South of Texas Border

June 17, 2025
Se Sospecha que Sicarios Levantan a Policía Mexicano y a toda su Familia en Tamaulipas

Se Sospecha que Sicarios Levantan a Policía Mexicano y a toda su Familia en Tamaulipas

June 17, 2025
Asesores de Embajada de USA Asesinados En Taqueria de Jalisco

Asesores de Embajada de USA Asesinados En Taqueria de Jalisco

June 17, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Tuesday, June 17, 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
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