…if Republicans create them:
House Republicans say they have no plans to pay for the extension of the Bush-era tax rates, a move that could erase the deficit reduction they have achieved since winning their majority in the chamber in 2010.
….
It is Republican Party orthodoxy that tax cuts do not need to be offset because of the additional tax receipts they spur through economic growth. And in interviews, even House Republicans who have broken with the party leadership on taxes told The Hill they do not believe the extension of the Bush-era rates needs to be paid for.
If we collect less taxes, we’ll collect more taxes! They really do seem to occupy an alternate reality, don’t they?
Please, please, please remember this when you hear them talking about how important it is to reduce the deficit. They don’t actually care about deficits. At. All.
Leave a Reply