Democrat Congressman Tim Ryan (D-OH) launched a failed coup against minority leader Nancy Pelosi (D-CA) this past year after she failed… again… to lead Democrats to victory. Ryan’s argument against Pelosi’s leadership was simple: with her in charge we keep doing the same things, and we keep losing. It was an accurate assessment but in the end it didn’t matter as Pelosi easily won reelection to the top spot in the Party leadership.
Since his loss to Pelosi, Ryan hasn’t stopped agitating for change. This past week he appeared on MSNBC where he espoused some ideas that sounded strangely… Republican. Ryan argued that if the Democrats want to start winning political battles again they have to stop sounding like they’re ideologues who embrace leftwing politics over what’s best for their constituents.
Let me be clear, I don’t think we can be hostile to business. I think, you know, while we can be for a progressive tax code, we can be for an increase in dividends and corporate – other kinds of business taxes – I think we need to simplify the tax code, I think we need to lower the corporate tax rate. We can’t just be the party of redistribution of wealth, we’ve got to be the party of creation of wealth, and not just in Silicon Valley and Wall Street – In Youngstown, in the South – we have to create new wealth in this economy and I really want the Democrats to be the party that’s going to get their arms around this big issue.
I agree with Young on the core of his commentary here. We do need to simplify the tax code and we need to lower the corporate tax rate. However, where Young seems to misunderstand economics is where he argues that the Democrats can be for a “progressive tax code” and also be “the party of the creation of wealth.” The two things are mutually exclusive. A progressive tax code means that you cannot create wealth in the Middle Class because the progressive tax code hurts the Middle Class disproportionately more than either the wealthy or the poor. If the Middle Class is not creating wealth… then it cannot be created for the nation as a whole.
It’s why the Obama era economy was so stagnant even after the recession had come to an end. In every other example of a recession in America, the economy leapt back into action as soon as the downturn had ended. Sadly, under the Obama regime and their progressive economic strategies the Middle Class was stifled and the economy sputtered.
If Rep. Tim Ryan wants the Democrats to be the Party of wealth creation than they have to stop being the party of “progressive tax codes.” It’s as easy as that.
You can see the entire interview on MSNBC below:
By the way Tim Ryan isn’t ruling out a run for the White House in 2020 either: