"House GOP approves more tax breaks without paying for them"

House GOP approves more tax breaks without paying for them

By Steve Benen at MSNBC

http://www.msnbc.com/rachel-maddow-show/house-gop-approves-more-tax-breaks-without-paying-them

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At this point, congressional Republicans no longer even try to justify the rhetorical contradictions. When Democrats want to make any kind of public investment, even after a natural disaster, GOP officials insist every penny must be fully paid for without raising anyone’s taxes by any amount at any time.

But when those same Republican lawmakers want to cut taxes, they magically discover that the deficit isn’t so important after all.

The House on Thursday passed two bills to permanently extend tax credits that expired at the end of 2013 despite veto threats from the Obama administration.

The more expensive of the two tax measures the House passed, 272-144, extends a provision known as Section 179 that allows small businesses to write off up to $500,000 worth of investments a year. […]




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