07/17/2017

Hillary’s White House Would Be No Different From Trump’s

John Podhoretz, New York Post

It wouldn’t have taken much for Hillary Clinton to prevail on Election Night. Donald Trump won the presidency with razor-thin margins of less than 1 percent in three states that had gone Democratic in the previous five elections — Michigan by 10,000 votes, Wisconsin by 22,000 and Pennsylvania by 34,000.

Yes, if only she hadn’t run what was likely the worst presidential campaign in our lifetimes, Hillary Clinton could have stitched together around 80,000 votes and could have been sitting in the Oval Office right now.

The interesting question is: How would America in July 2017 be different under a President Clinton rather than a President Trump?

The astonishing answer, if you really think it through, is: not all that different when it comes to policy.

Let’s face it: With the exception of the Supreme Court appointment and confirmation of Neil Gorsuch, Trump has astoundingly little in the accomplishments column — especially for a president whose party controls both houses of Congress.

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The Reagan Tax Cuts Worked

Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).

 

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