On the economy, Republicans have been vocal about what they'd do:
- Make the Bush tax cuts permanent
- Cut corporate taxes
- Eliminate capital gains taxes
- Cut taxes on dividends
- Eliminate estate taxes
The negative impact on revenues will then give Republicans the excuse they need to drastically reduce the size of government, by eliminating, combining, and/or cutting back government agencies, including (of the ones they remember) the:
- Department of Education
- Department of Energy
- Environmental Protection Agency
- Department of Commerce.
Republicans have called Social Security a "giant ponzi scheme," and although their rhetoric has moderated as the election year advances, there's no question that they would overhaul the program given the chance. Their favorite fix was "privatizing" social security, by diverting funds to allow individuals to have tax deferred private savings accounts. Republicans were not as vocal about that idea after the stock market crashed, savaging people's IRAs, 401Ks and other retirement accounts.
voucher program, which would slash benefits and result in increasing costs borne by seniors. Presumptive presidential candidate Mitt Romney has specially endorsed such a plan. It does nothing to control health care costs, thus more and more of the costs of health care will be the sole responsibility of seniors.
Republicans stance on women's rights are well known. America under Republican rule would see women's access to safe abortions greatly restricted, if not eliminated. Roe vs. Wade could well be overturned. The idea of women being required to undergo intrusive ultrasound tests before undergoing an abortion would likely become widespread.
Republicans will also cut "burdensome" regulations, or cut the funding of agencies which enforce them. They will:
- Repeal the newly established Dodd-Frank regulations on financial institutions (in the meantime, House Republicans are attempting to cut funding for the agencies charged with implementing the new regulations)
- Repeal and/or reformulate environmental regulations, such as the:
- Remove "burdensome" regulations on "fracking," and other non-conventional gas production techniques
- Planned Parenthood
- Public Broadcasting
- National Public Radio
- National Endowment for the Arts
A current House Republican bill would cut funding for implementation of provisions of Affordable Care Act (ACA) that are to go into effect this year. If Republicans control both houses of Congress in 2013, they will repeal ACA, as they have promised.
Republicans have been outspoken on their opposition to same-sex marriage and a constitutional amendment prohibiting even civil unions may well come about under Republican rule.
Gun control will be forgotten under Republicans. In fact, the spread of laws, such as Florida's "stand your ground" law can be anticipated, creating a nightmare of further Trayvon Martin type shootings and difficult to impossible prosecution of offenders.
US Supreme Court with conservative justices. Justices Ruth Bader Ginsberg and Stephen Breyer, both liberals, are in their seventies and would likely retire in the next president's term. A 7 to 2 conservative majority in the SCOTUS is a virtual certainty in a Republican presidency and congress.
If Republicans control Congress, they are very likely to eliminate/modify the filibuster rule to prevent Democrats from obstructing Republicans the way Republicans have obstructed Democrats. The on-going debate between Harry Reid and Mitch McConnell demonstrates the probability of the so-called "nuclear option" being employed by a Republican-controlled Senate.
There is also the question of what Republicans will NOT do. We'll cover that in a future post. Think climate change, campaign finance reform, and reform of Wall Street.