New endangered species: the GOP deficit hawk
Oct 25, 2017
4 minutes
Republicans have a storied tradition of minding the nation’s fiscal store. Calvin Coolidge pushed for tax cuts, but also for spend-less-than-you-earn budgets. After World War II, the party contributed to fiscal plans that rapidly unwound a war-related surge in debt. In the 1990s, members of the GOP supported spending restraints that helped usher in a brief era of budget surpluses under President Clinton.
And as recently as 2015, as they faced off on fiscal matters against President Obama, Republicans in Congress were rallying behind fiscal plans that aimed for a balanced budget within 10 years. Yes, they wanted tax cuts, but paired with deep cuts in federal spending to reduce deficits.
A lone Republican vote'Tax cuts are popular'You’re reading a preview, subscribe to read more.
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