Gingrich To GOP: Pass Tax Cuts In 2017 Or Prepare For Speaker Pelosi

Tyler Durden's picture

Former House Speaker Newt Gingrich and former Best Buy CEO Brad Anderson penned an op-ed in the USA Today warning Republicans that they have about 4 months left to pass tax cuts or suffer the inevitable consequences of massive losses in the 2018 mid-terms that will return control of Congress to Nancy Pelosi.

The specter of House Speaker Nancy Pelosi is looming.

 

Following Republicans’ failure to fix the country’s health care system, polls show Americans are increasingly flirting with Democratic governance in Congress next year. This means Republicans must change their game plan. The next six months must not be the same as the last six months.

 

To regain their legislative momentum and keep their majority, Republicans must clearly demonstrate they are fighting for the country’s hardworking taxpayers. This means passing a major tax cut by Thanksgiving — and making it retroactive to the start of this year.

 

By 2018, the tax cuts will have spurred economic growth and wage increases, giving Republicans substantial momentum and a popular record of success to tout during their campaigns.

Gingrich

 

Of course, just like with the failed Obamacare repeal and replace effort, the infighting among various factions of the Republican party will inevitably make quick progress on a tax bill very difficult, if not impossible.

The first step for Republicans writing the tax cut legislation is to reject the notion that it needs to be revenue neutral. Instead, Republicans should argue that the tax cuts should be deficit neutral — meaning they wouldn’t add to the deficit because of the economic growth they'd produce.

 

We know that deficit neutrality might ruffle the feathers of some fiscal hawks. For them, we have only one question: Which will be more expensive, having House Speaker Nancy Pelosi attempt to implement a Democratic agenda, or passing a deficit-neutral Republican tax cut ensuring that voters will view Republicans as the party of middle-class prosperity in November 2018?

 

We also know that there are some in Congress who want to pursue comprehensive tax reform that also addresses deductions, loopholes and other less publicized taxes. We think these are valid goals. However, the tax code is complex, and Republicans don’t have time to pursue such massive and controversial reform.

 

Tax cuts by November beat comprehensive reform next spring because changes will take time to take effect and for voters to feel the impact. A Republican majority can always come back to tax reform in 2019.

 

Serious tax cuts will bring Americans more — and better — job opportunities, with higher take-home pay. That’s why we think this is the key to keeping the Republican majority in 2018.

 

In short, Republican lawmakers must come together over tax cuts for hardworking taxpayers before hardworking taxpayers come together against Republican lawmakers.

In conclusion, if Gingrich is right that the fate of the Republican Congress is truly dependent upon passing tax legislation by November, we suggest people get accustomed to seeing a lot more of this bright smiling face after next year's election cycle.

Pelosi

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c2nnib2l's picture

hahahahah somebody just sold 200 tons of  gold lolololololo

Kafir Goyim's picture

McStain does not care about 2018.  He'll be dead by then, but for now, he gets to fuck Trump.  That's what he cares about.

Shemp 4 Victory's picture

Who fucking cares about elections anymore? Clearly the end result is the same, no matter the outcome.

Nekoti's picture

Couldn't agree more. Repukes said they wanted to repeal Obozocare. They have both Houses and the Oval but still will not pull the trigger. Tells anyone paying attention that the Dims and Repukes are playing for the same team.

knukles's picture

You fuckers in the GOP sure as hell better pass something to stop Pelousy & Cie otherwise we're seriously screwed.

Lordflin's picture

Tax cuts were a far more interesting subject back in the day when the majority of Americans had a taxable income...

Mr Hankey's picture

Skyrocketing sales ,state/local county, property, courts/police, fines,fire, pensions much more  deadly  4 working/lower middle  classes; esp. small property& business " owners " ( serf renters)

Shemp 4 Victory's picture

 

otherwise we're seriously screwed.

Regardless, we're seriously screwed.

Son of Loki's picture

A handful of Repugnicans are putting their pocket books first and above Americans they represent. Trump got elected to repeal/replace Obamacare, build the wall, crack down on immigration, tax cuts for the middle clss and decrease regulations.

 

Yet some (like McShame) hate Americans so much he joins left wing Democraps to block trump every time. It's pretty disgusting these traitorous Repugnicans  keep getting elected.

Mtnrunnr's picture

Finally. A sentiment I agree with. People who never worked a day in their lives legislating new rules for their slaves.

pc_babe's picture

term limits for congress and senators.

No more than 8years per person combined!

Congress forced it on the office of PREZ after FDR, they need to impose the same on themselves

H H Henry P P P Paulson's picture

Congress is more expendable than the President.  They're nothing more than bribed peasants.  I'd say 4 years max.

logicalman's picture

Hopefully you figured that out at least 30 years ago.

Richard III's picture

Gingrich is looking at the current political reality through a 1995, media-filtered prism. Completely disagree. The Democrats and their media masters remain the enemy, and the enemy of my enemy is my friend. As such, there is no threat to Republican majorities in 2018.

johngaltfla's picture

Newt's senile old ass is right.

1. Speaker Pelosi

2. Majority Leader Schumer

Make bank on that because if they fail to pass it and f'up the debt ceiling (which they will) the stock market has its excuse to take a 7-14% one day dump and make Trump look like Hoover.

The parallels to 1929 with the Establishment Republicans acting like idiots again and the Dimocrats blocking everything are frightening.

Normalcy Bias's picture

The greasy, traitorous Republican Establishment bastards will welcome a Dem House, because that will give them cover.

Same old bullshit...

johngaltfla's picture

Yup, just like 88 years ago...

Dutch's picture

Bingo! They want a Dem congress so they can act all Trumpy for the home crowd, yet know the Dem fix is in and cash the checks. What a bunch of bastards.

Blacksunday3's picture

Democrats are still singing the same tune. America has rejected them. Polls and headlines are not the indicators. 4-0 in special elections.

We will not have any meaningful feedback until 11/2018

GUS100CORRINA's picture

Gingrich To GOP: Pass Tax Cuts In 2017 Or Prepare For Speaker Pelosi

My response: GOD FORBID PELOSI EVER SEES THE LIGHT OF DAY!!!

The thought of this should give everyone nightmares for a month or more. I would consider this a CURSE FROM GOD!!

johngaltfla's picture

Nah, just throw a bucket of water on her. She'll melt.

doctor10's picture

Speaker Pelosi has been very, very good to Congress and the DC Lobbying Merry Go Round. ObamaCare payoffs from pharma, insurance and hospital systems have been very very lucrative for the DC Plantation.

All tax cuts can do is fu%& it all up-the sheeple might actually get a little of their own back

micksavage2010's picture

grifter pelose raised 26 million so far this year. it really is most of the job of senate/house turds to raise money, not to represent their constituents. and don't forget the non-profit 527 scam from dnc and rnc. oh, and all the major league "sports". we're doomed.

knukles's picture

Another commercial entity trying to very quietly work off lots and lots of gold contracts in the middle of a hectic session where no one would notice and wouldn't affect prices adversely.

Or did I miss something?

     scratching nuts

jcaz's picture

LOL- that's some funny scary shit, using Nancy as a tool.... 

Most work she's done in 20 yrs.....

Normalcy Bias's picture

...bbbbut, she'll miss Bingo at 'The Old Folks Home!'

johand inmywallet's picture

Is she squeezing a turd out??!

Nekoti's picture

No, giving birth to an Obozo. Let's hope this one gets flushed.

Peak Finance's picture

IF the  Rethugs fail you think people are going to turn back to Dems????

LZOLOZLZLZZZLZLZLZZLZLZL

No buddy, more and more people are going to go "full NAZI" The base will become EVEN MORE RADIDCALIZED

Keep that in mind   

johnnycanuck's picture

I can't wait to see the live streaming of Walmartians gone wild on Zero Hedgers Spinners R Us.

RafterManFMJ's picture

Why hello there! See, tax cuts must be revenue neutral. Or some such shit.

We can print and borrow to bail out the bankers, to fund our military, and play fuck-all with donations and foreign aid to dozens of other cuntries.

But - a tax cut? Oh fuck no, we're REAL RESPONSIBLE about that! Gotta be paid for, gotta balance that deficit and be revenue neutral...

Folks, if you're not realizing it by now the entire fed exists to fuck you and your children, daily, in your ass. Doesn't matter if it's a D or an R - your ass belongs to them.

Now, what're you going to do about it?

Mr Hankey's picture

Yabbut, yabutt,Rs or Ds? Has 2 b 1 or the other.This "full Nazi"voted against McCain & "I invented  obamacare first "Romney. & for who ever was running against Top Gun in az.Not because I was in love w/ the magic knee -grow, because I wanted to burn this turd- world shithole  down faster.

oDumbo's picture

What an evil cunt!  May she fall into a volcano, her filthy ashes blow into the sky and land in oDumbo's muslim smoking pipe, choking the life out of America's #1 enemy.  Scumocraps can't seriously back this demented whore, can they?

Ajax_USB_Port_Repair_Service_'s picture

Nancy Pelosi as Speaker of the House. Nothing unusual about that. We're ruled by idiots.

KimAsa's picture

Did Ohomo ever produce any documentation of his birth?

knukles's picture

Yes.  Several iterations of falsified documentation.
A but late for that train ....

Nekoti's picture

I want to see his college records. The real ones.

johnnycanuck's picture

Even the loosers and shameless get a 2nd chance to beak off in the US if they have Adelson money behind them.

Sing for your supper Moon bat Newt.  Sing loudly so da base can hear.

south40_dreams's picture

Guy's babbling like a 'tard

wobblie's picture

Yeah, GOP tax cuts for billionaires is just what the doctor ordered, because QE isn't enough.

I guess Gingrich didn't get the memo. People voted against both parties because they suck and and just coddle their masters.

https://therulingclassobserver.com/2017/05/22/ruling-class-democracy-rules/

sgorem's picture

damn! give 'em WHATEVER THEY WANT!!!!!!!!!!!!!!!!!!!!!!!!!!!!! IS THIS CALLED EXTORTION IN WHAT USED TO BE THE REAL WORLD? IT'S SOMETHING LIKE ME TELLING MY NEIGHBOR I'M GOING TO BURN HIS FUCKING HOUSE DOWN IF HE DOESN'T PAY PROTECTION/INSURANCE MONEY...........<s>

Aubiekong's picture

Well since the GOP likes being in the minority so they can campaign on conservative positions without having to actually pass conservative legislation we can all safely assume anything Trump wants is dead.

Blacksunday3's picture

It's scary. This guy comes out, has this bold campaign. Creates a one man wave. A movement. Senate GOP is almost upset. Wish he would just go away.

Hikikomori's picture

Republicans are pissing away the opportunity of the century.

micksavage2010's picture

and why do the amerikkan sheep expect to gain anything from a tax cut? baahhhahah