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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Tuesday, February 17, 2015

GOP pushes $300 billion in tax cuts while spending grows



The GOP would make FDR proud

  • The so-called "Conservative" Republican Party has moved so far to the Left that it has surpassed the wildest wet-dreams of the most rabid 1930s New Dealer.
  • Now the "Conservative" GOP wants tax breaks to pay off their election supporters, but as usual not one cent of Federal spending will be cut.  In fact the report last week says spending is up 8%.


House Republicans, in their effort to pave the way to tax reform, are working on $300 billion of tax breaks that, on paper, add to the deficit.

The House last week passed tax break packages for charities and small businesses that, technically, would increase the deficit by more than $80 billion over the next 10 years.

Patron Saint of the GOP

They are set to work on other tax breaks in the weeks ahead, including ones for college savings plans, state and local sales taxes, and more.

Altogether, the bills the GOP has introduced would cost the Treasury more than $300 billion, with no plans to replace the revenues, according to the Center for a Responsible Federal Budget.

All are expired temporary provisions known as tax “extenders,” which are usually re-upped year after year.

Although the tax breaks officially widen the deficit, Republicans are pushing ahead because they see them as permanent and valuable features of the tax code and because they eventually will help with a bigger tax-reform effort.

(Washington Examiner)





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