As congressional Republicans try to extend President Donald Trump’s 2017 tax cuts, some are considering an unusual plan to make them permanent while avoiding the political pain of massive spending cuts to pay for them: Argue that they will not deepen the federal deficit.
The Republicans who chair the tax-writing committees of the Senate and House of Representatives insist the reductions, which independent analysts estimate would cost more than $4 trillion over the next decade, would not create a real drop in federal revenues if extended beyond this year, because they are already in place.
It remains to be seen just how far Congress can go in ignoring the cost of the Trump tax cuts, while running a deficit that exceeded $1.8 trillion last year, without incurring the wrath of the financial markets.
Isn’t ignoring reality their go to plan for basically everything?
Yup. Treat the electorate like they’re imbeciles, so you can lie to them about everything. That way nobody misses true democracy because they can’t even remember what it’s supposed to look like.
To be fair these people did vote for them again so the dummies position isn’t far off.
Bold move as BRICS attempts expansion.
Global demand for the dollar is the only thing that allows us to feed the greedy greedy piggies with our budget, when the shit hits the fan and the dollar isn’t in demand we’ll see how well this works… :/
America: 🛩️📉🔥
