The Pro-Growth Minority Must Continue to Stand Up

The Republican party, led by President Trump, has decided that growth is no longer a priority. This is evident in the president’s trade war, the minimal opposition among Republican members of Congress, and the seemingly endless supply of bad policy ideas that will do little to support growth.

In the years leading up to the global pandemic, the US economy was on the upswing. Growth had strengthened, and unemployment rates were bottoming out. The right mix of deregulation and taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. reform alongside relatively stable global geopolitics showed that the US economy could go a few more rounds. Even in the wake of the deadly pandemic and the costly inflationInflation is when the general price of goods and services increases across the economy, reducing the purchasing power of a currency and the value of certain assets. The same paycheck covers less goods, services, and bills. It is sometimes referred to as a “hidden tax,” as it leaves taxpayers less well-off due to higher costs and “bracket creep,” while increasing the government’s spending power. cycle, the US has outperformed other major economies and continues to benefit from tight labor markets and an investment climate that drives business dynamism and higher living standards.

But Republicans are all too satisfied to take this situation and turn it on its head.