Thursday, August 11, 2022

The Dwindling Difference Between Our Two Parties on Spending

For a few years, I have sounded the alarm that a growing wave of conservatives is working to make Republicans indistinguishable from Democrats on social spending.

A government program would be unlikely to solve the issue of most concern to those workers who still do not have leave.

That's in part because they work with a very small business, are self-employed, or are temporary and/or part-time workers.

Second is an extended child tax credit that goes to most families, even rich ones.

According to the plan, "Parents would receive a credit of up to $3,500 per child, and $4,500 per child for children under the age of 6." Imagine an enormous credit, fully refundable, with no work or marriage requirements.

If you're concerned that this boondoggle might disincentivize work and marriage, you would be correct, as shown by the work of American Enterprise Institute economist Scott Winship.

Between some conservatives' and Republicans' push for federal family subsidies and their newfound embrace of bailouts and industrial policy, the difference between the Right and the Left on economic issues is narrowing significantly.
 

https://spectator.org/the-dwindling-difference-between-our-two-parties-on-spending/ 

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