In late May, House Republicans passed a reconciliation package likely to increase the deficit and harm low-income Americans while benefiting the wealthiest. This scenario presents a chance for Democrats to capitalize on the GOP's perceived greed. However, Democrats face an identity crisis, struggling to connect with voters. The moderate faction promotes an 'abundance' agenda, claiming regulatory issues hinder innovation. This contrasts with the more traditional views of corporate greed as the enemy, leading to a profound philosophical debate about the party's direction and priorities.
Under President Trump's One Big Beautiful Bill Act, millions of families would lose health insurance and food assistance, while the top 0.1 percent of earners would get a $390,000 tax break on average.
Moderate Dems have made a bid to regain control, embracing an agenda called 'abundance,' most recently articulated in a book of the same name by Ezra Klein and Derek Thompson.
Abundance partisans assert the enemy to Democratic success is not corporate greed but regulatory red tape, NIMBYs, and environmental laws, all making it impossible to build and innovate.
To have the future we want, we need to build and invent more of what we need. Who could disagree? It brings to mind my favorite George W. Bush-ism.
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