GOP Peddles Anti-Socialist Politics, but Is America’s For-Profit Economy Serving Americans and Democracy?

Tim Libretti, PhD
5 min readFeb 22, 2023
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While Americans struggle to meet their basic needs and make ends meet in the face of inflationary headwinds, albeit moderating ones, House Republicans have suddenly found it urgent to ramp up their attacks on America’s working families.

The Republican effort to re-brand themselves as the party of the working class each day seems to grow increasingly laughable.

Just consider their recent proposal of a 30% national sales tax to replace the income tax, letting the richest and highest earners off the hook for paying taxes on their income while hitting working families the hardest by raising the prices on the goods and services they require to get by every day by 30 cents on the dollar.

And remember the expanded child tax credit President Joe Biden instituted and which Republicans refused to support, submarining its renewal? It paid the biggest dividends in red states and enjoyed support among Republican voters, cutting child poverty by half and keeping three million children out of poverty.

But Republicans didn’t care. Not one voted for the $1.9 trillion American rescue Act that made the expanded child tax credit available to America’s working families.

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Tim Libretti, PhD

Professor of Literature, Political Economy enthusiast, Dad, always thinking about the optimal world