Opinion by Charles Lane | The most underrated story in U.S. politics: The post-Trump consensus
contemplate extending the 2017 Trump tax cuts for individuals beyond their scheduled 2025 expiration.
Neither party embraces a higher gas tax or a carbon tax, which, for Democrats, contradicts their view that climate change is an “existential” threat; putting a price on emissions could help fight warming more efficiently than the green energy subsidies in the Inflation Reduction Act. Coolness bordering on hostility toward corporations is another area of bipartisan convergence, at least rhetorically. Drug companies take heat from both parties, as do social media giants, though, in the latter case, rationales differ: Democrats emphasize the failure of Facebook and Twitter to police “misinformation,” while Republicans accuse them, and other allegedly “woke” corporations, of doing so at the expense of free speech and traditional norms.
The nationalist, populist agenda Trump imposed on an internationalist and business-friendly GOP has interacted with an analogous left-populist drift among Democrats, transforming economic and foreign policy debate in both parties. This transformation seems likely to last through the next presidential election and beyond.
Indicted or unindicted, elected president again or not, Donald Trump has been one of the most divisive, destabilizing figures in U.S. political history and, equally undeniably, one of the most influential.
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