Bruce Bartlett, a well known advocate of "supply-side economics" and domestic policy adviser to President Reagan, has some trenchant advice for Republicans on taxes. Though his remarks are addressed to Republicans in Congress, what he says is even more appropriate to Republican lawmakers in the California Legislature.
There is simply no appetite for big spending cuts or the radical restructuring of programs that benefit a huge percentage of Americans, especially when there has been a severe downturn in the stock market that has wiped out trillions of dollars in retirement savings.
Historically, Republicans have come back from electoral losses by accepting the fact that Americans mostly like government spending. Rather than make a futile effort to take away something most voters want, Republicans have instead worked to make the welfare state function efficiently, target benefits to those that play by society's rules and finance those benefits without additional debt. ...
I think conservatives would better spend their diminished political capital figuring out how to finance the welfare state at the least cost to the economy and individual liberty, rather than fighting a losing battle to slash popular spending programs. But this will require them to accept the necessity of higher revenues. ...
If conservatives refuse to participate in the debate over how revenues will be raised, then liberals will do it on their own, which will likely give us much higher tax rates and a tax system that is more harmful to growth than necessary to fund the government. Instead of opposing any tax hike, I think it makes more sense for conservatives to figure out how best to raise the additional revenue that will be raised in any event. ...
Are California Republicans listening?
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