Republicans Who Renege on Tax Pledge Will Not Be Re-Elected

About Richard Rahn:

Richard W. Rahn is a senior fellow of the Cato Institute and the chairman of the Institute for Global Economic Growth.

In recent days, there has been a steady barrage of editorials and articles attacking Grover Norquist—which would not be happening if his effectiveness was waning. In the mid-1980s, in a struggle over the size of the budget, President Ronald Reagan made a compromise agreement with Democrat House Speaker Tip O'Neill to increase taxes one dollar for three dollars of spending reduction. The Republicans went along with the tax increases, but the Democrats failed to deliver on the spending cuts.

This failure, due to the fact that Republicans tend to be more concerned about deficits than Democrats, led to the put-down, "Republicans are the tax collectors for the welfare state." No one more than Norquist understood that the Republicans would be doomed politically if they continued to vote for tax increases to fund the programs of big-spending Democrats. Norquist also understood that tax increases impede economic growth and encourage even more government spending. His solution was the no-tax-increase pledge, which most Republican primary voters quickly approved.

[See a collection of political cartoons on Congress.]

The tax and spending program President Barack Obama is proposing will lead to continued economic stagnation, or worse. Any Republican member of Congress who votes for tax increases in violation of his and her pledge—but does not get the necessary spending reductions and regulatory restraint in exchange in order to grow the economy—will be seen in the election two years from now as having voted for continuing economic stagnation. At the moment, the Democrats seem unwilling to make the necessary spending cuts and regulatory changes—hence, economic stagnation.

Democrats will attempt to blame Republicans and will be helped by their media allies. So if you are a Republican office holder who will be blamed for continuing economic stagnation whether you vote for tax increases or not, why would you decide to vote to violate your tax pledge, thus inviting a primary challenge?

My guess is that few Republicans will turn their backs on their pledge in the end, and the ones who do will fall in Republican primaries. Grover, once again, will have been shown to have both his politics and economics right.

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Tags:

economy,

Grover Norquist,

taxes,

Republican Party

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