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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGOP lawmakers who dismissed cost of tax law very concerned about cost of jobs bill
By Josh Israel -August 6, 2021 1:18 PM
The Congressional Budget Office warned the 2017 Tax Cut and Jobs Act would add way more to the deficit, but they backed it anyway.
Congressional Republicans are pointing to a budget estimate for the bipartisan infrastructure package as an excuse to oppose it, citing data from an agency they previously rejected when trying to pass their own massive tax law.
The Congressional Budget Office is a non-partisan agency that examines legislation and predicts how much money they will cost the treasury. These "scores" are done by economists to help Congress make informed decisions about the budget process.
After it released a partial estimate of the budget impacts of the Infrastructure Investment and Jobs Act on Thursday, several Republican senators opposing the legislation, along with some of their House colleagues, seized on the data as reason to oppose the package.
Published with permission of The American Independent Foundation.
https://americanindependent.com/senate-house-gop-lawmakers-oppose-infrastructure-cbo-congressional-budget-office-tax-cuts/
Champp
(2,114 posts)As they prove time and time again with their evil REPUBLICAN TAX CUTS FOR THE RICH, and dog crap for the poor.
Same as it ever was. Only with NEW EXTRA MORE LIES added to the crap fest.
FoxNewsSucks
(10,435 posts)No tax cut is too costly to shower money on the rich and corporations. But fixing a pothole in the "wrong neighborhood" is WAY TOO EXPENSIVE.
gratuitous
(82,849 posts)The popular media should simply disregard these deficit peacocks as they strut their stuff, suddenly concerned about waste fraud and abuse, the unholy trinity of the god of why we can't have nice things. Many of these same furrowed brows voted for launching two elective wars and invasions on the promise that it would cost no more than a billion dollars and be done with in six months. They didn't blink at that trillion-dollar hole they blew in the budget with the 2017 tax cut for their overrich friends. Now they're all concerned that an infrastructure bill might add $300 billion to the nation's debt in the next ten years? Get the fuck out of here.
With the infrastructure bill, at least we'll have some up-to-date schools and paved roads to show for the expenditures. What do we have to show for all the money lavished on the wealthy these past three years? Another vanity trip to the edge of outer space? Be still, my heart!
crickets
(25,983 posts)Budget deficits are only of concern when the taxpayers' money is being spent on 'the little people.' It's disgusting.