Wednesday, October 14, 2020

Republicans Hurting Themselves With A Plutocratic Agenda

The Republicans seem determined to commit political suicide this year. Instead of at least trying to look like they want to help average Americans in this pandemic and recession, they remain committed to their failed "trickle-down" economic theory. 

They still want Americans to think that when they help the rich, everyone benefits. But voters are getting smarter. They are figuring out that the GOP is the party of the rich, and no one else. And that plutocratic agenda is costing votes in this election.

Economist Paul Krugman says:

Trump’s chances of re-election and McConnell’s chances of holding on to the Senate would almost surely be better if there actually had been an infrastructure bill last year and a relief bill this past summer. Why weren’t Republicans willing to make those deals?

Whatever they may say, they weren’t concerned about the cost. Republicans didn’t worry about budget deficits when they rammed through a $2 trillion tax cut for corporations and the wealthy. They only pose as deficit hawks when trying to block spending that might help ordinary Americans.

No, what this is really about is the modern G.O.P.’s plutocratic agenda. McConnell and, as far as I can tell, every member of his caucus are completely committed to cutting taxes on the rich and aid to the poor and middle class. Other than March’s CARES Act, which Republicans passed only because they were panicking over a plunging stock market, it’s hard to think of any major G.O.P.-approved fiscal legislation in the past two decades that didn’t redistribute income upward.

You might think that Republicans would set the plutocratic imperative aside when the case for more government spending is compelling, whether it’s to repair our crumbling infrastructure or to provide relief during a pandemic. But all indications are that they believe — probably rightly — that successful government programs make the public more receptive to proposals for additional programs.

That’s why the G.O.P. has tried so frantically to overturn the Affordable Care Act; at this point it’s clear that Obamacare’s success in cutting the number of uninsured Americans has created an appetite for further health care reform.

And that’s why Republicans are unwilling to provide desperately needed aid to economic victims of the pandemic. They aren’t worried that a relief package would fail; they’re worried that it might succeed, showing that sometimes more government spending is a good thing. Indeed, a successful relief package might pave the way for Democratic proposals that would, among other things, drastically reduce child poverty.

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