Letter: Which party is better for America?

Polls before the recent election reported that most of the public thinks the Republican Party is handling the economy better. Not so in my opinion after reading “Letters from an American,” a daily newsletter by Heather Cox Richardson, a professor of American history who has taught at Boston College, MIT and the University of Massachusetts Amherst.

Jobs-Richardson reported that since Joe Biden took office, America has added 10 million jobs, including nearly 700,000 in manufacturing. And companies continue to invest in new industries such as chip production for electric vehicles and storage batteries.

Unemployment – ​​The rate has fallen to 3.7% under Democrats, reaching an all-time high of 14.70 under Donald Trump.

Infrastructure—Across America, roads, airports, bridges, and ports are being rebuilt.

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The Deficit – Despite spending by Democrats to invest in America, the federal deficit fell by $1.4 trillion this year – the largest drop ever. In contrast, the deficit rose every year of Trump’s presidency; Republicans added $400 billion to the deficit by providing $2 trillion in tax cuts for the wealthy and corporations. Indeed, Republican presidents since Ronald Reagan have blown up deficits while Democrats have pulled them down. Reagan increased the deficit from $70 billion to $175 billion, and George HW Bush took it to $300 billion. Then Bill Clinton took the deficit to zero, but George W. Bush took it back to $1.2 trillion. Barack Obama reduced it to $600 billion. Trump’s tax cuts raised nearly $7.8 trillion, even before pandemic spending pushed it up even further.

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Under the tax-congressional Republican plan, they would repeal provisions of Biden’s anti-inflation bill that would have required big-profit corporations to pay taxes and prevent wealthy individuals and corporations from dodging their taxes. This is expected to add up to $3 trillion in tax cuts for the wealthy, so Americans making more than $4 million a year would get a tax cut of more than $110,000 a year.

Medicare—The GOP plan is to repeal Medicare’s ability to negotiate drug prices (made possible by Biden’s Inflation Reduction Act) and cut Medicare and Social Security. They would eliminate the $2,000 cap on drug costs, repeal the IRA enhancements and Affordable Care Act premiums that would raise health insurance premiums by about $800 for an average of 13 million people.

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Climate Change – Eliminate tax credits that save Americans thousands of dollars if they buy an electric vehicle, weatherize their homes, install a super-efficient heating and cooling system, install rooftop solar, or make other investments They plan to do the same. use.

The upheavals caused by election denialists, the radical shift in Republican Party policy, the racist and hateful rhetoric, the capitol riots, the criminal charges against the former president and his campaign – which party is better than America?

Phil Lorson

Gilroy

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