Opinion | Newt Gingrich: Strengthening Social Security and Medicare starts with cutting taxes and regulations WashTimesOpEd
When President Jimmy Carter’s bad policies crippled the American economy, affording everyday life was painful. Economic growth became one of the three major issues which defined candidate Ronald Reagan’s 1980 campaign .
Reagan, a former Democrat who had campaigned for Harry Truman in 1948, appreciated the power of happiness in a way that many Republicans just did not understand. He rejected the policies of pain, which attracted much of the Republican orthodoxy. As Sen. Howard Baker said, the Reagan tax cuts were a riverboat gamble. History shows us the gamble worked.
Economic growth is the answer to President Biden’s effort to attack Republicans over Medicare and Social Security. If Republicans focus on solving Mr. Biden’s policies against growth, energy and take-home pay, they will win the Social Security and Medicare debate hands down. By 60% to 25%, Americans believe that tax increases and burdensome regulations hurt economic growth — and that weakens Social Security and Medicare. Even among Democrats, opposition to tax increases and regulations beats the Biden program by 45% to 40%.
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