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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe deal struck by Dems & Republicans to end government shutdown contains $31 billion in tax cuts.
including a temporary delay in implementing three health care-related taxes.
Those delays, which enjoy varying degrees of bipartisan support, are not offset by any spending cuts or tax increases, and thus will add to a federal budget deficit that is already projected to increase rapidly as last years mammoth new tax law takes effect.
All the finger pointing has overshadowed the discussion about the actual substance of the budget deal, said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, and many lawmakers dont even seem to care that the deal they are considering which will almost certainly include even more tax cuts following the unaffordable tax bill Congress just passed, as well as new spending increases will add tens of billions to the deficit. There is almost zero discussion of the ongoing damage on the nations finances.
https://www.nytimes.com/2018/01/22/us/politics/shutdown-spending-tax-cuts-obamacare.html
Those delays, which enjoy varying degrees of bipartisan support, are not offset by any spending cuts or tax increases, and thus will add to a federal budget deficit that is already projected to increase rapidly as last years mammoth new tax law takes effect.
All the finger pointing has overshadowed the discussion about the actual substance of the budget deal, said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, and many lawmakers dont even seem to care that the deal they are considering which will almost certainly include even more tax cuts following the unaffordable tax bill Congress just passed, as well as new spending increases will add tens of billions to the deficit. There is almost zero discussion of the ongoing damage on the nations finances.
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The deal struck by Dems & Republicans to end government shutdown contains $31 billion in tax cuts. (Original Post)
dixiegrrrrl
Jan 2018
OP
Ken Burch
(50,254 posts)1. Jesus...MORE tax cuts for the rich?
n/t.
InAbLuEsTaTe
(24,122 posts)4. Seriously! That's some deal!!
Irish_Dem
(47,128 posts)2. More tax cuts on top of the previous bill? nt
InAbLuEsTaTe
(24,122 posts)3. WTF?!?!
Cracklin Charlie
(12,904 posts)5. No bread?
Let us eat cake!
Downtown Hound
(12,618 posts)6. I was on the fence on where to stand on this deal until I read this
But now I can safely say this is a bullshit deal and the wimpy ass Dems caved again.