‘Cut and grow’ is really the only way forward
In theory, at least, the House GOP is exactly right:
The new House Republican majority will use the three weeks before President Obamaâ€™s State of the Union address to repeal the healthcare law, cut spending and scrap federal regulations, incoming Majority Leader Eric CantorÂ (R-Va.) said Tuesday.
Cantor said Republicans would be â€śa cut and grow majority,â€ť deploying a new label to define the GOPâ€™s twin goals of reducing government spending while expanding the economy.
The incoming majority leader said that once House Republicans vote next week to repeal the healthcare overhaul, they will move quickly to fulfill their stated commitment to cutting spending to 2008 levels. In the third part of the majorityâ€™s opening act, he said, the GOP will target â€śjob-killingâ€ť regulations across the federal government. The goal is to lay down a clear marker before Obama addresses the new Congress in his annual State of the Union speech, which is expected to take place the final week of January.
And I hope a big cut in corporate taxes is also on the table.