With the midterm elections finally over we now see that the Republican Party will control both houses of Congress. With Republicans in control we are going to see many of their issues finally getting passed. At the top of their list is going to be a war with Iraq, tax reforms, and an attempt to boost the economy. The economic effects of having a Republican- dominated federal government are still unclear but we can speculate that they are going to try to do what they can to boost the economy. Many voters believe that having the Republicans in control of the two houses would get more done. Mitch Adwon, a Republican real estate investor from Tulsa says that the country would be at a slight advantage if the GOP won “because more would get done” . Only time will tell which issues will pass and how much will get done.
With Iraq at the middle stage in these elections, the Democrats did not stand a chance. A recent New York Times/ CBS News Poll found that Americans ranked terrorism ahead of the economy. “The discussion about Iraq,” Bill McInturff, a Republican says, “has prevented the Democrats from coalescing the economic sentiment against Bush and the Republicans.” War is going to be a top priority with the Republicans in control of the houses. We can probably expect that if the chance comes up to go to war with Iraq, that chance is going to be taken. With all of this talk about war people may think that war is the only thing that we can expect, but the Republicans have other plans as well.
Taxes are another big issue with the Republicans. Tax reforms actually. They would use their new power to speed up tax cuts that were to take effect gradually. “A House leadership aide says one of the first measures to be passed by a Republican – controlled congress would be a permanent version of last year’s phased – in, $1.35 trillion tax cut, scheduled to expire in 2010.” The administration also wants to eliminate the double taxation of corporate dividends. With Republicans in the houses Bush will “beef up his domestic record to avoid the fate of his father, who had high approval ratings during the Persian Gulf War but was viewed as neglecting the economy.” With support from the houses now, it should make it easier for Bush to boost the economy, which many claim he hurt.
Democrats made many claims of how Bush and the Republicans made a mess of the economy. The Republicans explained that “the bubble burst, not when Bush took office but in the first quarter of 2000. Almost two – thirds of the inflated values of the NASDAQ market were gone by the time Bush raised his hand to be sworn in.” They said that Bush and his economic team “moved promptly and appropriately to deal with it.” As far the economy goes, it has been getting stronger and stronger. It is still not up to par but steadily it will resume and with the help of the Republicans in the two houses, Bush will be able to boost the economy over time.
Some other issues that Republicans would like to face would be creating a Department of Homeland Security, a port security and Coast Guard reauthorization bill, and they would also like to put their stamp on some traditionally Democratic issues, such as prescription drugs and education. Senate Majority leader Trent Lott had a conference with Bush on Wednesday, November 6, 2002. “He said, let’s get it done, let’s work together, let’s not get into entanglements,” Lott said. “Let’s see what we can do on things like prescription drugs and what we need to do to help the economy in terms of where we target tax cuts or let’s control spending, but let’s make sure we’ve got what we need to do the job on homeland security and in education.” With Republicans in the both houses now, Bush may be able to get things done.
With Republicans controlling both of the houses in congress, a lot should get done. Bush will have the support that he needs to deal not only with war issues but with domestic issues also. The economic effects of having a Republican- dominated federal government are still unclear but we can speculate that they are going to try to do what they can to boost the economy. Only time will tell which issues will pass and how much will get done.