The Democrat Party of Truman and John F Kennedy is long gone. NancyWALL STREET JOURNAL
THE WALL STREET JOURNAL
The Hillary Myth
Hillary Clinton sounds like Paul Ryan on the economy. She says she’s for “strong growth, fair growth, and long-term growth.” She would abandon the slow-growth economics of President Obama and return us to those wonderful days in the 1990s when husband Bill was in charge. This is a different Hillary Clinton from the one we’ve seen in debates with Bernie Sanders, her socialist rival for the Democratic presidential nomination. It’s the centrist-at-heart Clinton whom conservatives and Republicans eager for an acceptable alternative to Donald Trump can vote for.
Only there’s a problem: This Hillary Clinton is entirely mythical. She doesn’t exist. As the Democratic party has lurched to the left, she has lurched with it. While talking up growth, she has proposed no incentives to produce it. She relies on government spending to stir growth, Obama’s woeful policy. On tax cuts, she’s for boosting the top rate on individual income to 45 percent, the highest in three decades. Under her complicated plan, the tax rate on capital gains would jump from 23.8 percent to 39.6 percent, then to 47.4 percent with surtaxes. The Tax Foundation concluded her tax hikes would cut annual growth by 1 percent and shrink incomes by at least 0.9 percent. That’s a recipe for less job creation, more wage stagnation, fewer business startups, and a despondent country.