House Republicans propose more tax cuts as elections near

By David Morgan and Amanda Becker
  • T
    Timothy
    Remember when the TEA Party would not even consider any spending with out offsets? No compromise?
  • C
    CJH
    So, the new GOP position on fiscal responsibility- bankrupt this country borrowing money to pay for "tax cuts" (read subsidies for the rich) in order to buy a few votes this year from people who don't seem to realize or care that the "extra" $25 a month in thier pay is actually just being borrowed from our kids' future.
  • D
    David
    The estimated cost for the Bush Tax cuts are around $5 trillion. These tax cuts are very likely to cost even more than that. Keep in mind that the projected costs of these cuts are predicated on the idea that there will be nothing but good news in the economy for at least the next ten years. Seriously, how likely are we to have an economic future that has no downside?
  • P
    Pat
    Let's take a moment to review: 1.4 trillion first round tax cut, 1.3 trillion spending.
    And now yet another Tax Cut?
    So i ask you just where is the money coming from?
    You can not keep cutting Taxes(income) and keep spending, without monies coming in.
  • D
    DDT
    Unless the tax cuts THIS TIME are for the LOW-MIDDLE income people, what good are they?
  • A
    Anonymous
    Corporate Media headlines: "200,000 new jobs in August according to BLS" So I went to the BLS website and read it. Here is what it said, "Bureau of Labor Statistics Household Data (Table A) https://www.bls.gov/news.release/empsit.a.htm reports that the civilian labor force declined by 469,000 in August from the level in the previous month (July); that employment declined by 423,000 in August from the previous month; and that 692,000 Americans dropped out of the labor force in August. Year over year (August 2017-August 2018) 1,531,000 Americans have left the labor force. This is inconsistent with a booming economy at full employment. It is not explained how during August the Household Survey found unemployment to rise by 423,000 and the work force to shrink by 692,000 for a total of 1,115,000 missing working people, but the economy created 200,000 new payroll jobs.
    Employment Situation Summary Table A. Household data, seasonally adjusted
    www.bls.gov
  • M
    Mike
    That's right. No Social Security. No Medicare. No access to healthcare for working people. The only thing we can afford is more tax cuts for the wealthy while we pile new taxes and new government mandated fees on top of one another onto the working classes.
  • V
    Vivian
    The tax cuts that Trump gave in December 2017 were so popular they passed with a 29% approval rating and are helping to add $1 trillion to the deficit by 2020. The less taxes the rich have to pay means the more taxes the people who earn less have to pay. George W. Bush gave tax cuts to the wealthy in 2001 and the markets crashed on September 29, 2008. This is Joe Biden talking to Republicans about the 2008 Great Recession. "They talk about this Great Recession as if it fell out of the sky, like, "Oh, my goodness, where did it come from?" It came from this man, Paul Ryan, voting to put two wars on the credit card, and at the same time putting a prescription drug benefit on the credit card, a trillion-dollar tax cut for the very wealthy. I was there. I voted against them. I said, no, we can't afford that. And now, all of a sudden, these guys are so seized with the concern about the debt that they created".
  • S
    SwineFlew2
    More deficits can be a Republican tool to undermine the next Democratic president and also undermine social security and medicare.
  • S
    Shven
    the last tax cut that only benefit the rich cost 1.8trillion dollars..who paying for those tax cuts..the middle-class will be paying that bill..

    when Obama was the n office. every penny of spending had to have an offset ..so for every penny spent..vtwo Penny's of spending had to be cut from somewhere else..
    what ever happen to the fiscal conservative in the republican party..