The right needs bigger ideas than tax cuts

New York City voters last week elected socialist Zohran Mamdani as their next mayor. It wasn’t an isolated win. Across the country, progressives dominated key races, including the gubernatorial contests in New Jersey and Virginia.

In race after race, conservative, moderate, and establishment Democrats were swept aside by aggressive, hard-left challengers. The message could not be clearer: Conservative messaging — and in some cases, conservative policy — is failing to connect with ordinary voters.

Socialists like Mamdani promise utopia through government control. Conservatives cannot counter that with spreadsheets and slogans.

Mamdani and his progressive allies succeeded because they campaigned on issues that hit home for millions of Americans: the cost of housing, food, personal debt, and the lack of good jobs.

Ironically, those were the very same issues that powered Donald Trump’s 2024 victory and brought working-class voters back to the Republican fold. Now those same voters are drifting back toward socialism, and the reason is painfully simple: It’s still the economy, stupid.

Economic pain drives voters left

Conservatives have not convinced enough Americans — especially voters under 40 — that their policies will improve daily life. Consumer prices remain high, grocery bills keep climbing, and inflation continues to outpace wage growth.

Housing costs are near record levels. The average home now costs seven times the median income, compared to roughly 5.5 times during Trump’s first term. Total household debt has topped $18 trillion for three consecutive quarters — another all-time high.

Millions of Americans feel trapped. And when voters are desperate, they make disastrous choices — like putting a socialist in charge of the nation’s largest city.

What Trump got right

The Trump administration has taken important steps to fight rising costs. Promoting affordable, domestic energy — especially natural gas — has reduced reliance on foreign suppliers. Cutting regulations has also delivered real savings.

In January, Trump ordered federal agencies to repeal 10 rules for every new one adopted. The White House estimates that his deregulation push avoided more than $180 billion in costs in 2025 alone.

He has also pledged to ease housing regulations to increase the supply of affordable homes, while Republicans in Congress have fought to preserve the 2017 tax cuts — a major victory for middle-class taxpayers.

These are important wins. But they lack the sweeping vision that socialists like Mamdani are offering to voters who want transformation, not tinkering.

Socialism’s empty promises

Mamdani’s platform reads like a socialist wish list: 200,000 city-built apartments, a citywide rent freeze, universal childcare, and even government-run grocery stores. It’s a fantasy financed by taxpayers and destined to collapse under its own weight — but it sounds big. It sounds bold.

Conservatives, by comparison, often sound procedural. Deregulation is important but abstract. Tax cuts matter but feel distant. To compete, conservatives must present a clear, moral vision — one that shows how free markets can improve life for working families faster and more permanently than socialism ever could.

So what can conservatives do to counter socialism’s siren song? Here’s a start.

1) Make housing affordable again
Congress should require states and cities to open up millions of lots for homebuilding as a condition of receiving federal funds. Vast stretches of usable land sit idle while housing prices explode. Opening that land to development would lower prices without touching national parks or sensitive ecosystems.

2) Reinvent higher education
The cost of college has soared because of government-backed student loans that inflate tuition and trap young people in debt. Washington should phase out federal lending and restore market discipline to higher education.

In the meantime, Congress can lower loan caps, expand skilled-trade training in high schools, and require public universities that receive federal loan funds to offer extremely low-cost online degrees. That would give students a path to higher education without lifelong debt.

3. Cut taxes — and waste
Lowering sales, gas, and business taxes would immediately ease the cost of living. But real fiscal discipline requires cutting government waste, not inflating the money supply.

The Biden administration admits the federal government has lost $2.4 trillion over the past two decades through payment errors alone. That’s not “spending” — it’s hemorrhaging. Conservatives should treat it as proof that vast savings can be achieved without touching vital programs.

RELATED: Explaining Mamdani’s appeal to the young, with polling

Photo by Andrew Lichtenstein/Corbis via Getty Images

Competing with the socialist vision

Socialists like Mamdani promise utopia through government control. Conservatives cannot counter that with spreadsheets and slogans. They must meet grand promises with grander purpose — rooted in freedom, self-reliance, and opportunity.

America needs a new conservative economic agenda that speaks to the anxieties of working families, not just to Wall Street or Washington. Deregulation and tax reform are essential, but they must serve a larger story: rebuilding an economy that rewards work, expands ownership, and restores faith in the American dream.

Until conservatives reclaim that moral high ground, voters will keep turning to the false hope of socialism.