According to a government analysis released last year, extending the individual provisions of the Trump-GOP tax law would cost around $2.2 trillion through 2032.
to food aid, healthcare, and other critical social programs, claiming such spending reductions are necessary to address the rising national debt.last month. “We can’t afford to hand that down to our children.”, Buchanan called the national debt a “ticking time bomb,” not mentioning that his party’s push to extend tax cuts for the rich would contribute to the total.
“The same Republicans who claim we can’t ‘afford’ to invest in affordable housing, better healthcare, and accessible child care aren’t blinking an eye at the fact their push to extend the Trump tax giveaways for the ultra-wealthy would add trillions of dollars to the federal deficit,” Rep.
It’s absolutely vital that free and independent media exists to keep uncovering the truth. Please give what you can today.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
'Absolute Hypocrisy': GOP Unveils Bill to Make Trump Tax Cuts Permanent While Howling About Debt'It's no surprise that the House majority wants to spend trillions of dollars to extend the Trump tax cuts for the wealthiest Americans and biggest corporations.'
Weiterlesen »
White House: The GOP’s Current Agenda Would Add $3 Trillion to National DebtThe White House is going after congressional Republicans for their current agenda, which the Biden administration says would add trillions of dollars to the national debt while making life materially worse for the American public.
Weiterlesen »
White House says GOP plans would add $3 trillion to national debtThe White House is charging the GOP with hypocrisy for favoring tax policies that could push the accumulated $31.4 trillion national debt higher.
Weiterlesen »
Biden, GOP Draw Opposing Lessons From Prior Debt-Limit StandoffWith the U.S. facing a debt-ceiling deadline this summer, Democrats and Republicans are drawing sharply different lessons from a similar showdown in 2011
Weiterlesen »
GOP lawmakers revive bill to end student-loan payment pause, block Biden's debt reliefRepublican lawmakers just revived a bill to end the student-loan payment pause and block debt cancellation before Biden's relief plan goes to the Supreme Court
Weiterlesen »
The problem(s) with GOP demands to protect Trump-era tax breaksAs Republicans try to make Trump-era tax breaks permanent, remember: The GOP is pushing for smaller deficits while also pushing for larger deficits.
Weiterlesen »