The Corner

Politics & Policy

The Tax Cut Won’t Save (or Doom) Republicans

My latest Bloomberg View column.

“There’s nothing wrong with supply-side economics that division by ten wouldn’t cure.” The quip came from Charles Schultze, the chairman of the Council of Economic Advisers in Democrat Jimmy Carter’s White House. It meant that improving incentives to work and invest would promote economic growth — but not nearly as much as tax-cutting enthusiasts believed.

The point applies to the politics of tax cuts, too. Both parties are exaggerating the impact the tax bill making its way through Congress is likely to have in the next elections. . . .

Ramesh Ponnuru — Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

Most Popular

Law & the Courts

The Second(-Class) Amendment

Editor’s Note: The following is the fourth in a series of articles in which Mr. Yoo and Mr. Phillips will lay out a course of constitutional restoration, pointing out areas where the Supreme Court has driven the Constitution off its rails and the ways the current Court can put it back on track. The first entry ... Read More
PC Culture

The ‘White Privilege’ Canard

Consider two Americans. One is named Mike. Mike is a straight white Christian male from a decaying industrial city in Ohio or Michigan. He never knew his father. His mother is hooked on painkillers. His home life isn’t great. Mom’s various boyfriends enjoy smacking him in the face. He gets passed around to a ... Read More
World

The Mad, Mad Meditations of Monsieur Macron

Almost everything French president Emmanuel Macron has said recently on the topic of foreign affairs, the United States, and nationalism and patriotism is silly. He implicitly rebukes Donald Trump for praising the idea of nationalism as a creed in which citizens of sovereign nations expect their leaders to put ... Read More
Elections

The White Plantation

There are two ugly and stupid lines of “thought” — it is generosity to call this that — in American politics that are inseverable, each being the inverted form of the other: the proposition that black Americans are held hostage on a Democrat-run “plantation” where they exchange their moral and ... Read More