Magazine December 18, 2017, Issue

The Tax Trade-Off

>Members of the Senate Budget Committee, prior to approving tax-reform legislation on November 28 (Tasos Katopodis/Getty Images)
A better tax code could be worth a larger deficit

Since the late 1970s, Republicans have been the party of tax cuts. During this period, successful tax-cut proposals — those that have made it into law — have always combined two kinds of reforms. They have cut tax rates to increase incentives to work, save, and invest. And they have reduced tax bills for middle-class families, typically by granting tax relief to parents.

The tax cut advancing through Congress now, and especially its Senate version, fits within this tradition of marrying populism to supply-side economics. If it is enacted, it should yield a modest, immediate increase in take-home pay for tens

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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.

In This Issue

Articles

Features

Books, Arts & Manners

Politics & Policy

Rise to Global Power

Robert Merry sets out to revive William McKinley’s middling reputation by recognizing the 25th president as the shrewd, unheralded father of the military-commercial expansionism that underwrote America’s global ...

Sections

Letters

Letters

What Does NAFTA Do? Kevin D. Williamson’s fulsome praise of NAFTA (“What NAFTA Does,” November 13) notwithstanding, the primary goal of NAFTA is to provide American manufacturers with unfettered access to ...
The Week

The Week

‐ “I’m good enough, I’m smart enough, and, doggone it, women want me to feel them up while they’re sleeping on airplanes.” ‐ Roy Moore, Republican candidate in a special election ...
Poetry

Poetry

THE ‘F’ WORD My mother would withhold from me most news, Because my constant questions — like a plague Of locusts — flew at her, till she would lose Her patience, as I lost ...
Happy Warrior

The Bed Menace

‘Opinion: If you let boys be boys, they will murder their fathers and sleep with their mothers,” ran a tweet from the New York Times the other day.

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