Is the Republican Party’s Refusal to Raise Taxes Fiscally Irresponsible?

Open to Debate

Education, Society & Culture, News, Government, Politics

4.5 • 2.1K Ratings

🗓️ 2 February 2024

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Whoever wins the 2024 election will soon face a critical decision about extending four trillion dollars in tax cuts expiring next year. Whether taxes will be raised, or cut is in question, against the backdrop of 34.1 trillion dollars in federal debt. For the past few decades, the Republican Party has embraced the belief that lower tax rates and less government spending boost the U.S. economy. However, there is disagreement among conservative thought leaders about the way forward on taxes for the Republican Party. Specifically, some argue that preferences for tax cuts ignore the looming deficit and that refusing to raise taxes further imbalances the federal budget. However, others continue to argue that our debt is caused by government overspending and will actually be helped by tax cuts and that these same cuts also help promote a flourishing economy. With this background, we debate the question: Is the Republican Party’s Refusal to Raise Taxes Fiscally Irresponsible? Arguing Yes: Oren Cass, Executive Director of American Compass Arguing No: David McIntosh, President of the Club for Growth Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Like some kind of Pizza Ninja, Domino's are slicing their prices.
0:05.0	Domino's price slice.
0:07.0	Small pizzas now 8 quid, medium now 10 quid,
0:10.0	and large now 12 quid.
0:12.0	Yet we're making cuts too.
0:14.0	In 11th of February 24, minimum delivery spend charges and areas may apply.
0:18.0	To and see see Domino's dot-co. UK.
0:20.0	This is open to debate.
0:22.0	I'm John Donva and Hi everybody. Today our guests include two
0:25.3	influential thought leaders who are both conservatives, yet they are on opposite
0:29.7	sides of a policy choice that has seemed almost fundamental to the Republican agenda in recent
0:34.7	years cutting taxes.
0:36.7	What follows is a really interesting conversation and I am delighted to pass the torch of
0:41.1	moderating on this one to Naima Reza.
0:43.4	She is a journalist with New York magazine and with Fox Media and she is also an excellent
0:48.0	moderator. Now on to the show. Here's Naima.
0:50.7	It is often said that there are only two guarantees in this life, death and taxes.
0:57.0	But if we were to add a third in the 21st century, it might be that the Republican Party will almost
1:01.7	always refuse to raise those taxes.
1:04.0	Indeed, we saw major tax cuts under President George W Bush,
1:08.0	and we saw more yet under President Donald Trump,
1:11.0	many of which are set to expire next year.
	...

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