On the Scene

Washington, D.C.

THE GOP’s massive election victory signals a dramatic reversal in fiscal policy. Instead of shoveling an ever-increasing share of taxpayers’ income into Leviathan’s maw, the new Congress will seek to transfer resources from the government to the private economy. Through a series of sweeping policy actions designed to shrink the federal sector and reduce taxes, the Republicans will devolve as much fiscal responsibility as possible to states, counties, cities, and, ultimately, the voters and taxpayers. Reductions in benefits and services will be translated into tax relief for individuals, families, and businesses, so that people can decide for themselves how to spend their hard-earned money.

About the Author

Larry Kudlow

Larry Kudlow is the author of JFK and the Reagan Revolution: A Secret History of American Prosperity, written with Brian Domitrovic.

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Washington, D.C.

THE GOP’s massive election victory signals a dramatic reversal in fiscal policy. Instead of shoveling an ever-increasing share of taxpayers’ income into Leviathan’s maw, the new Congress will seek to transfer resources from the government to the private economy. Through a series of sweeping policy actions designed to shrink the federal sector and reduce taxes, the Republicans will devolve as much fiscal responsibility as possible to states, counties, cities, and, ultimately, the voters and taxpayers. Reductions in benefits and services will be translated into tax relief for individuals, families, and businesses, so that people can decide for themselves how to spend their hard-earned money.