"Someone Will Die"
Methvin, Eugene H.
""Someone Will Die"" one and the same. Micromanagement and economic engineering failed. Good old-fashioned, Texas-style entrepreneurial zeal has worked. THE AGENDA With this historical guide as a reference, the agenda...
...At least not in any meaningful sense...
...A package of investor tax cuts would do the same for the equity market...
...Building this base for major reforms is absolutely essential...
...The contrast between U.S...
...Better to wait for a second term...
...Have the party sages learned nothing from Riordan's disastrous primary run...
...Whole-sale tax reform and private-account Social Security makes sense and would be home runs...
...Its meaning was clear: rank-and-file Republicans in California do not George Neumayr is a writer in southern California...
...If he works on enacting those parts of his agenda that both create economic growth and build political capital, he will win in 2004...
...And how about asking Ireland, the U.K., New Zealand, and Australia to join NAFTA...
...But swinging for the fences can lead to strike-outs...
...it moves us closer to a flat tax where all income is only taxed once...
...Bush's trade czar Robert Zoellick has promised agreements with Chile and Singapore by the end of 2002...
...He campaigned hard for terrorism insurance and homeland security, and those items should come first...
...That may be a worthwhile risk...
...free markets and the European social welfare state would make for a great worldwide debate about what economic system works best...
...A further capital-gains tax cut, while politically costly initially, would cause an equity market blast-off...
...No, but it does help illustrate and explain it...
...Will such desperate superficiality solve the party's malaise...
...I.THE SQUIRMINATOR Things we don't need: a Kennedy Republican BY GEORGE NEUMAYR Perhaps nothing reveals the California GOP's troubles more clearly than the gimmicks proposed to erase them...
...And baby boomer parents had homes to sell, so it helped politically too...
...For evidence that tax cuts work, look at the strength in the housing market...
...Schwarzenegger, for all his charm and charisma, can't redeem the California Republican Party, for the simple reason that he is not a Republican...
...The president should not try to change the world in the lame-duck session of Congress...
...That is why ending the taxation of dividends at the individual level would be better than ending it at the corporate level...
...So a push for accelerated phase-in has the best risk-reward balance of all potential economic legislation...
...A state party fallen low enough to champion Schwarzenegger as its savior clearly needs one...
...In addition to tax cuts, the White House needs to move rapidly on free-trade initiatives...
...Like Richard Riordan, he is a Republican in name only—Hollywood's idea of a good Republican standard-bearer, but not what rankand-file Republicans seek...
...Since 1997, when President Clinton signed a capital-gains tax cut that made homes the least-taxed investment, the housing market has set record after record...
...The electorate gave George W. Bush real power this November, and they want to see how he uses it...
...The best way to cure this economic hangover is to help the party start all over...
...Ending their double-taxation—by allowing individuals to receive dividends tax-free—would be a simultaneous political and economic coup, much like the Clinton housing tax cuts...
...As the boomer generation ages, dividends loom larger in financial planning...
...In the short term, Bush's staggered 2001 tax cuts actually hurt the economy...
...Paradoxically, when investors know that taxes will be cut in future years, they hold off on decisions today...
...Take the giddy GOP talk about Arnold Schwarzenegger as a potential Republican candidate in the Golden State...
...Those entrepreneurs who worked so hard to build all that wealth in the late 1990s deserve respect...
...18 THE AMERICAN SPECTATOR • NOVEMBER/DECEMBER 2002...
...Let's watch the Congressional Black Caucus wrestle with that one...
...Then the top issues should be making last year's tax cuts permanent—and even more important, building a solid case for helping the economy now by accelerating the longer-term cuts into 2003...
...More importantly, the administration has notified Congress of its intentions to begin negotiating a new South Africa Free Trade and Development Agreement...
...THE AGENDA With this historical guide as a reference, the agenda for an investor class-friendly White House is clear...
...Energy policy, prescription drugs, and the minimum wage will also be on the agenda—every one an opportunity for the Bush administration to show the investor class the power of competition and self-reliance...
...With Don Nickles taking over the Budget Committee, there is a chance to move forward on dynamic scoring—the key to truly understanding the stimulant effects of tax cutting—and also on new budget rules that will make reform easier...
...Every new piece of legislation should be put through a litmus test does it move us toward tax simplification or away...
...But when the new Congress convenes in 2003, things will change...
...Democrats already supported the cut once, and the economy surely needs help...
Vol. 35 • November 2002 • No. 6
