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Is the Republican Party’s Refusal to Raise Taxes Fiscally Irresponsible?

Is the Republican Party’s Refusal to Raise Taxes Fiscally Irresponsible?

FromOpen to Debate


Is the Republican Party’s Refusal to Raise Taxes Fiscally Irresponsible?

FromOpen to Debate

ratings:
Length:
53 minutes
Released:
Feb 2, 2024
Format:
Podcast episode

Description

Whoever wins the 2024 election will soon face a critical decision about extending four trillion dollars in tax cuts expiring next year. Whether taxes will be raised, or cut is in question, against the backdrop of 34.1 trillion dollars in federal debt. For the past few decades, the Republican Party has embraced the belief that lower tax rates and less government spending boost the U.S. economy. However, there is disagreement among conservative thought leaders about the way forward on taxes for the Republican Party. Specifically, some argue that preferences for tax cuts ignore the looming deficit and that refusing to raise taxes further imbalances the federal budget. However, others continue to argue that our debt is caused by government overspending and will actually be helped by tax cuts and that these same cuts also help promote a flourishing economy. 
 
With this background, we debate the question: Is the Republican Party’s Refusal to Raise Taxes Fiscally Irresponsible? 

Arguing Yes: Oren Cass, Executive Director of American Compass   
Arguing No: David McIntosh, President of the Club for Growth 
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Released:
Feb 2, 2024
Format:
Podcast episode

Titles in the series (100)

America feels divided. From the most salient questions about our national identity and place in the world, to fundamental concerns about technology, religion, the economy, and public policy, Intelligence Squared U.S. is here to help. A respite from polarized discussions, we bring together the smartest minds to debate and dissect issues in depth, restoring civility and bringing intelligence to the public square in the process.