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To Speed Job Growth, Cut Taxes Now - by FreedomWorks Senior Economic Contributor Stephen Moore & Larry Kudlow via The Wall Street Journal Congressional Republicans say they plan to wait to take up tax cuts until later in the year, after they’ve dealt with ObamaCare, passed a 2017 budget resolution, confirmed President Trump’s first Supreme Court nominee and tackled other initiatives. This would be a big mistake. When Mr. Trump addresses Congress in a joint session Feb. 28, he should urge lawmakers to pass a jobs bill, including a tax cut, during his first 100 days in office. The centerpiece of the plan should be a reduction in the tax rates on corporations and, importantly, on America’s 26 million small businesses. Broader reforms, including tax-rate cuts for families, should come in a second round of legislation later this year. The tax plan Mr. Trump campaigned on—which the two of us helped write last year—is indispensable to economic revival. Our archaic and uncompetitive business tax system may be the single biggest obstacle to restoring economic growth and living standards. From 1950 to 2000, total business fixed investment averaged 5.3% annual growth. Since 2000, that figure has been only 1.7%. If new business incentives are put in place, long-run investment growth will be restored; real economic growth, languishing below 2% in the new millennium, will break through 3%; and wages will grow. Most of that benefit would come from lowering America’s 35% corporate rate, the highest in the industrial world. Read more here... Exclusive Offer for FreedomWorks Members For a limited time you can order a full year of CRTV, featuring exclusive shows from Mark Levin, Michelle Malkin, and Mark Steyn, for only $79 using code FREEDOM. That's less than $7 a month, and it's even $10 lower than our public pre-order price. Give us a call now at (855) 535-2788 to sign up.  Stephen Moore Sits Down to Discuss Fundamental Tax Reform  FreedomWorks' Book Club Spotlight: "Our Lost Constitution: The Willful Subversion of America's Founding Document" In Our Lost Constitution, Senator Mike Lee tells the dramatic, little-known stories behind six of the Constitution's most indispensable provisions. He shows their rise. He shows their fall. And he makes vividly clear how nearly every abuse of federal power today is rooted in neglect of this Lost Constitution. Get your copy here... Conservative Group to Target McCain over Mulvaney Grilling - via Politico The tea party-aligned group FreedomWorks is launching a six-figure attack ad campaign against Sen. John McCain over his tough questioning of President Donald Trump’s nominee for budget chief. McCain grilled Rep. Mick Mulvaney, the fiscal hard-liner Trump has picked to be director of the White House Office of Management and Budget, over his votes to cut defense spending during Mulvaney’s confirmation hearing earlier this week. The Arizona Republican has since said he’s leaning against voting to confirm Mulvaney, a South Carolina Republican and tea party darling who has tangled with congressional defense hawks in the past over his desire to shrink all federal spending — including the Pentagon’s budget. The FreedomWorks online ad buy, set to be announced in a news release Friday afternoon, will run nationally but specifically target Arizona, the group said. Read more here... How Republicans Can Avoid Repeating Their Mistakes on Health Care - by Adam Brandon via The Washington Examiner Congressional Republicans have kicked off the process of repealing Obamacare, but it's unclear what the future of healthcare looks like. There's absolutely no question Obamacare failed, and Democrats' only alternative is to have more government involvement in healthcare. Frustrated by the immediacy of the repeal process, Democrats have blasted Republicans for failing to produce a replacement plan. Fortunately, this is far from the truth: No less than four replacement plans were introduced in the previous Congress, and President Trump has indicated that his administration will release its own plan shortly. In 2017, the Republicans have a chance not only to repair the Democrats' mistakes of the last eight years, but their own mistakes from more than two decades ago. Read more here... ObamaCare Architect: Actually, Our Law Was Never Intended to Help Everyone - via Townhall After orchestrating a relentless campaign of deception about the law he designed, established liar Jonathan Gruber and his fellow propagandists have since made a series of admissions about ObamaCare that undercut the mendacious sell-job he helped pioneer. Gruber stated privately, on several occasions, that his future analysis of the legal battle over state-based exchanges and subsidy eligibility would be dishonest, conceding the core argument of those anti-ObamaCare lawsuits. Another ObamaCare architect, Zeke Emanuel, finally confessed that people really couldn't necessarily keep their doctors and plans -- and that maybe the law wasn't especially "affordable" after all. Now here's Gruber sparring with Tucker Carlson last night, tossing another key ObamaCare marketing slogan overboard. Democrats promoted their partisan scheme as a win/win panacea that would benefit everybody. No more: “This was never supposed to help everybody, Tucker,” Gruber said... Gruber proceeded to say that wealthy Americans were hurt by the new taxes implemented by the Affordable Care Act. He also admitted that young, healthy people were hurt by ObamaCare because the law eliminated the “discriminatory” health insurance market that existed before the law took effect. “The people who oppose the law are people who haven’t benefited from the law, but haven’t been hurt from the law,” he said. “They’ve just heard, in my view, they’ve heard a lot of bad misinformation about it.” Read more here...   Reforming CFPB Isn't Enough. Eliminate It. - by Ken Cuccinelli via The American Banker The Consumer Financial Protection Bureau has a positive-sounding name. But in five and a half years since its creation, the CFPB has proven that the agency is merely an excuse for a massive expansion of federal regulatory power. The CFPB doesn’t protect consumers, as its name suggests. Rather, the American people need protection from the CFPB. It’s time to end this failed experiment. Let’s return the CFPB’s regulatory responsibilities to the specific departments and agencies covering the relevant industries, and of course, to the states that have been responsible for basic consumer protection for a long, long time. I should know. As a former attorney general of Virginia, I took my responsibility to protect consumers seriously. The Dodd-Frank Act created the CFPB as an unaccountable agency, with a director that could not be removed, a budget from the Federal Reserve that was self-determined, and sweeping legislative, judicial and executive powers vested in the person of the director. Indeed, this design was such an affront to the U.S. Constitution that a U.S. Court of Appeals for the D.C. Circuit declared the agency’s single-director structure unconstitutional. In what should be an unsurprising development, the CFPB has abused its unaccountable power. Read more here... President Trump Calls for "Renewed Commitment to Expanding School Choice" - via Reason Whatever negative you can say about President Donald Trump (which is plenty!), he has been unwavering and full-throated in his support for increasing school choice for K-12 students and their parents. His controversial Education Secretary pick, Betsy DeVos, is an activist in the school-choice movement and now Trump has issued the first-ever presidential proclamation recognizing National School Choice Week (NSCW). Now in its seventh year, NSCW runs through January 28 this year and involves over 21,000 events in all 50 states the celebrate school choice in all its forms. Go here for more information and to find events happening near you. Trump's proclamation begins by noting "too many of our children are stuck in schools that do not provide...[a great education]." "By expanding school choice and providing more educational opportunities for every American family," it continues, "we can help make sure every child has an equal shot at achieving the American Dream." Read more here... FreedomWorks in Action    For Freedom, Jason Pye Director of Public Policy, FreedomWorks |
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