The Bush tax cuts were never paid for which is why the deficit exploded when they went into effect in2001 and 2003. They are still unfunded so they will add about $800 billion to the deficit. So why are Republicans who campaigned on fiscal responsibility pushing so hard for an extension of tax breaks, particularly for millionaires and billionaires?
“In an interview with the Huffington Post on Monday, Rep. Mary Jo Kilroy (D-Ohio), a freshmen member of Congress who was defeated in her re-election bid, said the time had come to "draw a line in the sand" with respect to the Bush tax cuts.”
In other words, it’s time for the GOP to put up or shut up. If they are serious about getting America’s financial house in order, they need to start by putting what’s best for the country ahead of partisan politics and discounts to millionaires.
Newly elected Republicans have to overcome more than a massive budget deficit, continuing high unemployment and a restless electorate. The GOP has to show America that they can move the country forward. And if they want to be known for being more than the party of “No,” the first thing they are ready to say yes to should not be making the deficit worse.
No comments:
Post a Comment