https://www.wsj.com/articles/a-consequential-congress-1541114048
Americans love to hate Congress, and no wonder given the careerists and poseurs in both parties. But some Congresses matter more than others, and the 115th has accomplished more useful conservative reform than any since the first Newt Gingrich years of 1995-1996.
Democrats won’t admit it for partisan reasons, and neither will some of the perpetually angry on the right. But the GOP’s narrow Senate majority of 52 seats and then 51 has turned out to be more consequential and conservative than the 55-seat GOP majority of 2005-2006, the last time Republicans controlled both Houses and the Presidency.
The looming election is a useful moment to review the tape on the successes and disappointments, and consider the stakes of a Democratic House, Senate or both.
• Tax Reform. Republicans broke the economic logjam of the highest corporate tax rate in the developed world, and the new 21% rate with 100% business expensing has helped to lift the U.S. economy to a higher growth plane and again made it the most competitive.
The individual reforms were more about passing out tax cuts or credits to everyone, though millions pay no income taxes. Plenty of voters still aren’t convinced they received a cut even if they did, thanks to a mediocre sales effort from the GOP and a press corps hoping Republicans fail. But consider the 2019 options: The GOP wants to make the cuts permanent; Democrats want to repeal most of the reform to finance more spending.
• Deregulation. Congress through the Congressional Review Act scuttled 16 rules that the Obama Administration tried to impose in its final days. That included everything from regulations about online privacy that somehow didn’t apply to Facebook or Google to environmental overreaches like the stream protection rule. Before 2017 Congress had invoked the CRA only once—for a Clinton ergonomics rule.
Rep. Jeb Hensarling also succeeded in reforming the 2010 Dodd-Frank law’s assault on community banks. The Senate filibuster prevented him from doing more, but the lame duck session could push through other useful reforms, including work requirements in the farm bill. The free-market Mr. Hensarling is retiring and his successor in a Democratic House would be Rep. Maxine Waters. That is the election policy stakes in profile.