RealClearPolitics Podcast Is The GOP Now The Party Of Higher Taxes?
Apr 17, 2025
Join Pete Geren, former Democratic representative and Secretary of the Army, as he dives into the concerning decline in literacy among American children. He highlights the stark disconnect between parental perceptions and actual reading skills. Geren emphasizes the crucial role parents play in fostering literacy through reading aloud. The conversation also touches on the long-term implications of illiteracy for children's futures and the collective responsibility of both parents and educators to tackle this pressing issue.
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Trump vs Powell Over Fed Rates
- Trump attacks Fed Chair Powell for not cutting rates, despite Powell’s fixed term until 2026.
- Powell balances inflation and tariffs impacts but political pressure mounts with economic concerns central to Trump and Republicans.
GOP Tax Debate: A Populist Shift
- Republicans are debating raising the top income tax rate to 40% for millionaires, a shift from traditional GOP tax policies.
- Trump is considering it to fund tax breaks like SALT deductions, showing his evolving populist stance.
Trump’s Unlikely Populist Tax Position
- Trump’s potential tax increase on millionaires contrasts his wealth bragging and previous anti-tax stance.
- A higher threshold like $10 million for tax hikes would gain wider popular and Republican voter support.