As Vote Nears, GOP Senator Warns Tax Bill Ignores 'Debt And Deficit Issues'
Source: Talking Points Memo
By ALICE OLLSTEIN Published NOVEMBER 27, 2017 12:43 PM
With a vote on the controversial Republican tax bill expected in the Senate later this week, GOP leaders are furiously whipping the handful of lawmakers who could make or break the bills success. But for every vote they pull on board, more seem to fall off the wagon.
On Monday, yet another Republican senator aired concerns about the bill, particularly estimates that it would balloon the federal deficit by $1.2 to $1.4 trillion. Sen. James Lankford (R-OK) told reporters in a Capitol Hill press conference that hes skeptical the promised economic growth will fill that hole, and refused to say how he will vote on the tax bill itself.
What if we dont get 0.4 percent growth? Is there any backstop? he asked. Im not opposed to tax reform, but we need to do it right.
Lankford also suggested that conservatives who have long railed about the size of the federal deficit are acting hypocritically by backing the deep tax cuts without corresponding spending cuts.
Read more: http://talkingpointsmemo.com/dc/lankford-tax-bill-deficit
Eliot Rosewater
(31,113 posts)ahh shucks
I dont mean that...I mean sure, it will destroy the lives of over 100 million citizens, but we will just sit here and take it.
Cuz THAT is the murikan Way, by golly!
kairos12
(12,865 posts)Fred Sanders
(23,946 posts)wonder Mitch is again peeing on democracy to rush this abomination through. The Rich and donor s demand payback for their bribes.
Stuart G
(38,439 posts)Hurrah for the good, honest, guys and girls with bright silver stars on their chests...
Boooooooooooooooooo!!!!!! for the "Bad Guys & Girls" who talk about the..."deficit" and talk that way only when
Democrats like Obama (Obama was sheriff once) are running things...perhaps,
just perhaps...this fellow from OK,,,,Lankford
could be ok..... on this one...just this one..
...............maybe????.....
FakeNoose
(32,703 posts)... complete idiots, or bought-and-paid-for politicians.
Stuart G
(38,439 posts)FakeNoose
(32,703 posts)I found this on Twitter and I'm putting it on DU for everyone to see.
turbinetree
(24,710 posts)Senate moves ahead with politically risky tax bill
The Senate GOP tax bill gives most wealthy people substantial tax cuts although plenty of other people will get tax cuts as well, especially in the early years. While this seems to be making the bill unpopular with the public, Republican senators are going all out to pass the bill this week anyway, desperate to get a legislative win.
Data: Tax Policy Center; Chart: Lazaro Gamio / Axios
https://www.axios.com/
Let the middle class eat cake basically...................if you can afford the cake, and if your on, ChiPs, social security Medicare, and Medicaid-----------
Alice11111
(5,730 posts)the class structure of society, and makes it very diffcut for the masses to get educated, among dozens of other inequities.
It also makes it difficult for the rich to pay taxes...no ATM, alternative minium tax, which is all that many pay, when they deduct away their income. Trump paid it in his for show tax release, that he surely leaked himself. Doubles... the estate tax exemption. No tax their unless you and your rich wife have over $22 million.
Congratulatons Repubs for keeing the largest realligment of easy wealth v lifetime heavy burdens, for little kids to striving parents and the disabled, under wraps! Your egregious lies helped too.
Bye, bye, Miss American pie.
7962
(11,841 posts)Yes, BOTH parties. No one will do the heavy lifting it would take to pay down the debt. Pres Obama commissioned a panel to find the best ways to pay it down. They released their report of what needs to be done, and everything was ignored by both parties because its not easy.
And we can scream "tax the rich!!" all we want, there aren't enough of them to pay down the debt even if their income tax rate really was 90%.