Beyond Tax Cuts

Everything you think you know about the decline of the U.S. economy is wrong. The United States is today the world’s largest manufacturer, as it long has been. Depending on whom you ask, the United States is either the world’s largest exporter or the world’s second-largest exporter. For all that dumb talk about the menace of “foreign oil,” the United States is today a net exporter of petroleum products — we import a lot of cheap crude and export a lot of expensive fuel. The International Energy Agency projects that the United States will become the world’s largest oil producer by 2017, surpassing Saudi Arabia. U.S. technology firms such as Apple and Google are the envy of the world — a world that sends its best and brightest to U.S. universities for the purpose of bringing them into contact with the innovative, entrepreneurial culture of which Apple and Google are emblems.

That’s a lot of opportunity. And all Republicans can think to talk about is tax cuts?

Read more: https://www.nationalreview.com/nrd/articles/333455/beyond-tax-cuts