The GOP is completely botching the tax hike issue

This argument should be so easy to win

An elephant.
(Image credit: Illustrated | Wikimedia Commons, IRS.gov)

Despite the intellectual carnage caused by extreme Trumpification, one would guess Republicans are still capable of mustering a cogent argument against massive tax hikes. It was the tax issue, after all, that created the modern GOP. The 2017 Tax Cuts and Jobs Act remains the Trump GOP's biggest legislative accomplishment. And it should be easy to find economists on the right and left to question the wisdom of raising taxes when the American economy is experiencing a historic downshift in its growth potential.

But all it took was a few breezy comments by superstar House newcomer Alexandria Ocasio-Cortez to show that capability has severely atrophied. On 60 Minutes, Ocasio-Cortez said her "Green New Deal" idea would require that "people are going to have to start paying their fair share in taxes." Specifically, she continued, those at the "tippy tops," might see incomes of $10 million and higher taxed at a marginal rate of 60 or 70 percent vs. the current top rate of 40 percent.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
James Pethokoukis

James Pethokoukis is the DeWitt Wallace Fellow at the American Enterprise Institute where he runs the AEIdeas blog. He has also written for The New York Times, National Review, Commentary, The Weekly Standard, and other places.