08/13/2017

Charlottesville

Rich Lowry, National Review

A couple of points about Charlottesville: —I don’t have a problem with Trump condemning both sides, since both sides resorted to violence. And he did denounce bigotry and hatred. But I agree that it was mealy-mouthed and wrong not to specifically name and slam the white supremacists whose march was the precipitating event here. Putting aside the merits, if you are a president people suspect is allied with the nastiest forces on the right, you should leap at the opportunity to denounce violent white nationalists. I wouldn’t be surprised if a Trump takes a second bite at the apple sometime soon, but this shouldn’t be so hard. 

—I’ve been skeptical of the rush to pull up Confederate monuments, and Robert E. Lee—the focus in Charlottesville—is not Nathan Bedford Forrest. But if the monuments are going to become rallying points for neo-Nazis, maybe they really do need to go.

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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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