Will Republicans Push for Tax Reform After Regaining Clear Majority?

With the upcoming elections, there is a growing speculation about whether the Republicans will attempt to pass income tax reform if they regain a clear majority. While tax reform is often at the top of the agenda, it is also crucial to consider the pressing issues such as border security, national debt, Supreme Court justices, and Woke culture. This article delves into the potential Republican agenda and the likelihood of tax reform in 2023.

Pressing Issues Over Tax Reform

There are more immediate concerns that may take precedence over income tax reform. For instance, border security, national debt, and the replacement of Supreme Court justices are pressing issues that might divert attention and resources away from tax reform. Additionally, there is a lack of urgency to address tax reform while President Biden is still in office. The Republicans might leverage the current situation to gain political advantages in the next presidential election in 2024. The more chaos and disarray the Democrats create, the higher the chances of a Republican landslide victory.

Key Actions Republicans Might Take

Assuming Republicans regain a clear majority in the House and/or Senate in the upcoming elections, they will likely focus on several key actions:

Lifting Restrictions on Oil Production

The very first priority for Republicans is to eliminate restrictions on oil production and fracking on federal land. These restrictions were imposed by the Biden administration, which had a significant impact on the oil industry. Federal land accounts for more than 32 million acres, or 52 percent of the United States. By lifting these restrictions, Republicans can boost the economy and promote domestic energy production. Putin’s reaction underscores the importance of this move, as he is eager to see the United States lift these restrictions.

Addressing Border Security and Immigration Reform

Republicans will also likely redirect resources towards border security and immigration reform. They may expedite the material for a border wall and redesign immigration laws. Addressing these issues is vital, given the increasing number of illegal immigrants and the need for more efficient law enforcement and protection measures. Some Americans, representing 79 percent of the population, believe that voting should require some form of identification. This change aligns with the conservative viewpoint on maintaining voter integrity.

Is Tax Reform on the Horizon?

While there is a possibility that Republicans might attempt to pass tax reform, the likelihood is relatively low, especially in 2023. The tax law passed in 2017 is set to expire in 2025, when individual tax rates will revert to their pre-2017 levels. Therefore, any attempts to make 2017 tax reforms permanent or to introduce new tax reforms will likely be incremental rather than earth-shaking. Republicans may focus on extending the 2017 reforms with minor adjustments.

The Republican Approach and Comparison to Democrats

It is noteworthy that when Republicans have a clear majority in the House, Senate, and White House, they tend to prioritize meaningful legislation. However, they often fall short of pushing through significant reforms. Instead, they often focus on tax reform and regulatory changes, which are relatively easier to pass. In contrast, Democrats, even without control of the House, Senate, White House, or the Supreme Court, are willing to fight for what they believe in. They are able to achieve significant progress, typically between 60 to 100 percent of their legislative agenda, depending on the power dynamics and rules such as the filibuster.

In conclusion, while tax reform remains an important issue, the focus of the Republican agenda is likely to revolve around more pressing matters like border security, national debt, Supreme Court justices, and immigration reform. The outcome of the upcoming elections will significantly shape the legislative landscape for the next few years.