08/13/2017

How Donald Trump Is Driving The Democrats Crazy

John C. Goodman, Townhall

You would think the Democrats would be on cloud nine.

Donald Trump’s favorability ratings are as low as anyone can remember their being for a sitting president. The Republicans failed to repeal and replace Obamacare. They are stumbling on tax reform. They won the special elections to replace Trump’s cabinet selections. But the margin of victory in these “safe” seats was small enough to be scary. According to the Cook Political Report, if Democrats turnout in the same numbers they did in the special elections, they will pick up 80 House seats in next year’s elections.

So, is the Democratic Party breaking out the champagne? Are the party faithful celebrating and gloating over their rosy prospects for the future? Far from it. In the first six months of this year, Democrats have raised half the money Republicans have raised and they even trail in small-dollar giving.

The split among Democrats in California has become so bitter that it made the front page of Thursday’s New York Times. The problems are not confined to the west coast. The split is evident in New York state and in other deep blue places. “California is a Warning for the National Party,” the newspaper’s headline blared.

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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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