Most Popular Choices
Share on Facebook 59 Printer Friendly Page More Sharing Summarizing
General News      

Republicans Won't Offset Cost Of Extending The Bush Tax Cuts

Quicklink Submitted By   No comments

Amanda Lang
Message Amanda Lang
Become a Fan
  (9 fans)
Since taking control of the House, Republicans have pushed to offset the costs of everything from emergency disaster relief to unemployment benefits and tax cuts for the middle class. Their singular goal is to cut the deficit and debt, and they're willing to gut social safety net programs, including Medicare, to do it. When it comes to the budget-busting Bush Tax Cuts, however, the story changes. Both the 2001 and 2003 versions of the Bush Tax Cuts expire at the end of 2012, and when the House GOP attempts to permanently extend the cuts later this year, they won't offer a plan to pay for them, The Hill reports: House GOP says it has no plans to pay for the extension of the Bush-era tax rates, a move that could erase the deficit reduction achieved since winning their majority in the chamber in 2010. The lawmakers also said that Republicans had always intended cuts to be permanent.
Read the rest of the story HERE:

At thinkprogress.org
Rate It | View Ratings

Amanda Lang Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter

Name
Email
   (Opens new browser window)
 

To View Comments or Join the Conversation:

Tell A Friend