House
Republicans last week laid out their domestic agenda,
preempting the president, who presented his domestic
agenda shortly afterward.
(Interestingly,
CNN covered the GOP press conference, in which a program
called "lock box" for Social Security,
discussed in Congress for several months, was discussed.
But during the president's press conference Monday, CNN
maintained a headline under the president's face stating:
"President proposes `lock box' for Social
Security." They never quit.)
The
Republicans presented some good ideas. In fact, I find
myself in the unusual situation of being in favor of
every single one of them.
Here are
the main points of their presentation:
Use Social
Security and Medicaid taxes only for Social Security and
Medicaid. Previously, the government has borrowed against
the Social Security Trust Fund as a bookkeeping gimmick
to make the deficit look smaller. This would end that.
They make
it sound more dramatic than it is, saying they're going
to "lock away" Social Security funds so they
can't be used for anything else, as if someone were
trying to take money directly out of Social Security and
use it to pave an expressway somewhere. That's not the
case, but it's still the right thing to take the trust
fund out of the general flow of dollars so we can see
exactly how big the deficit is.
- Eliminate the death tax. This one
makes me want to cheer. The death tax is the most onerous
of taxes for two reasons: it taxes money that has already
been taxed during the lifetime of the deceased, and it
forces families to sell off assets after a patriarch or
matriarch passes away in order to pay the taxes.
Fayette
County has numerous farm families who will benefit if
this goes through. Currently, if a farm owner dies and
the land and buildings are worth enough money, his heirs
have to come up with cash to pay taxes on half of that
net worth. If the land is worth $5 million, not at all
out of the question in Fayette, the heirs have to come up
with $2.5 million cash. The only way out is to sell the
land and break up the farm.
That's not
right.
- General tax cuts. Republicans are
asking the president to join them in working for
reductions in overall taxes for a variety of reasons: to
stimulate the economy, to help middle class workers, to
encourage those who want to be stay-home moms or dads...
But the biggest reason is a simple one: taxes are too
high. Taking half of everything a family earns is not
right. Period.
- Eliminate the marriage tax penalty.
Married couples who both work currently pay more taxes
than they would if they were single, paying separately.
It's not the biggest problem the country is facing, but
it should be fixed.
- Education savings accounts. You
wouldn't have to pay taxes on the interest on money
you're saving for education. We shouldn't pay taxes on
savings interest at all, but this is a good step in the
right direction.
- Education programs that help fund
local boards of education rather than using all the money
to support Washington bureaucracies and task forces. A
bunch of egg heads meeting in some posh congressional
committee room somewhere cannot possibly figure out how
to make education better in Fayette County. They just
can't.
- Increased funding for the military.
We've been over this one several times before.
One thing
is glaringly missing from the GOP agenda: a balanced
budget amendment. I know they don't have the votes to get
it through the House, but in my opinion Republicans
should put it on the agenda and vote on it every year if
necessary until there are enough like-minded people in
Washington to get it passed.
If we get a
Republican in the White House next election, and if we
maintain the Republican Congress, we'll probably make
some real progress in the direction of a truly balanced
budget, and get some tax relief in the process. But we
won't be truly free from the whims of some future
spend-happy Congress until we state in the Constitution
that the Congress can't spend money it doesn't have.
Still, if
Republican leaders will keep pushing good, common sense
ideas like this, they'll have a good chance in the 2000
elections.
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