Opinion by Jennifer Rubin: If Republicans supported reasonable immigration and tariff policies, they could lower labor costs and cheaper goods.
: “Worker shortages have especially impacted several key industries — including transportation and warehousing, as well as accommodation and food services — as the U.S. economy emerges from the covid-19 pandemic.” Relieving the worker shortage would help ease supply-chain headaches.
But increasing immigration, legal or otherwise, is a no-no for Republicans, who have mostly dropped their pro-business and pro-growth policies in favor of Malthusian economics and exclusionary policies. One could only imagine the howls of protests from the right if President Biden took even minor steps to clear the legal immigration backlog.to support free trade.
That’s a shame, because it would help bring down prices. As the Peterson Institute for International Economics, reducing import tariffs could help bring down inflation by one to two percentage points. It would also give Biden something he desperately needs: tangible evidence he’s doing something about inflation, besides just talking about it.
But once again, the potential for lower consumer prices and reduced inflation no longer proves attractive to the GOP. Republicans no longer embrace pro-growth, free market policies as a path to prosperity. Instead, their formula for “success” is letting corporations and the super-rich get away with paying nothing in federal taxes. The party’s turn away from capitalism is one of many reasons why the country could use a reasonable, principled center-right party.
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