Big Government “Off-Sets" Will Stymie the Reagan Revival

Obamacare repeal was supposed to be an easy lift. For seven years, every Republican in Washington pledged to repeal and replace the law that has greatly damaged our health care system. Yet when it was time for a vote, political and legislative realities hit them in the face. Enacting legislation, even when in the majority, is never easy. While the GOP is pledging to revisit the issue, others are now shifting their attention to tax reform. Newsflash: Tax reform won’t be easy either. And if some members of the Republican Party demand a “revenue neutral” budget plan or significant “offsets,” the bill may be doomed from the start. Let’s remember, the most successful tax cuts in American history – the Reagan tax cuts of 1981 – were not offset and were certainly not revenue neutral – at least in the way that bureaucrats do the counting.