Republicans are learning that there’s more to capitalism than tax cuts
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Republicans learned a valuable lesson this past week: There’s more to capitalism than tax cuts.
Turns out successful capitalists also need to keep their customers happy.
For a long time, the Republican Party had what it believed was a tacit deal with corporate America. Companies donated enormous sums to GOP campaigns and aligned groups, and in exchange, Republicans delivered tax cuts: on corporate profits, capital gains, estates. Whatever other agenda items Republicans pursued — on immigration, civil rights or anything else — corporate America would generally keep its mouth shut. So long as the tax cuts kept flowing, the only “speech” that corporations engaged in came from their wallets, which in turn were fattened by those tax cuts.
An un-virtuous cycle, if you will.
corporate America is criticizing Republicans, and for something unrelated: legislation in Georgia, Texas and other states that threatens to strip Americans of their voting rights.
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