Newt Gingrich: Tax cuts for small business would change GOP trajectory

Time is running out for Republicans if they want to keep their governing majority in 2018.

After 238 days of having control of the White House and both houses of Congress, the GOP has only one major legislative achievement – the Senate confirmation of Supreme Court Justice Neil Gorsuch.

This is, in part, because Republicans tried to run before they could walk. Attempting to immediately repeal and replace ObamaCare without an iron-clad strategy for success was a mistake driven by post-election excitement and inexperience. Remember, many current House Republicans have never served when there was a Republican in the White House, and our Senate majority is still too slim to pass transformative conservative legislation.

But while early mistakes are to be expected, it is not too late to change the Republican trajectory.

Before we can fully bring our country out of the liberal, big government, dependency model, Republicans need to develop an economic-growth-focused strategy, build legislative momentum on the floor of Congress, and gain full support from the American people.

The key to achieving these goals – and growing our majority in both the House and Senate next year – is to pass simple, popular, tax cut legislation by this year’s end – preferably by Thanksgiving.

The cornerstone of this legislation must be a serious tax cut for small businesses so they can expand, create more jobs, and revive the middle class.

Small businesses represent 99 percent of our country’s employers, employing nearly half of our country’s private sector workers and creating three out of every four new jobs. However, instead of paying the corporate tax rate, more than 90 percent of these businesses report their income through their owners’…

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