Republicans have grown increasingly worried about losing control of the Senate, as President Trump’s approval rating tumbles and Democrats gain steam in key battleground races. - It's time for another tax cut the nation can't afford. Oh wait!...
REPUBLICANS TARGET ELECTIONS WITH MORE DEFICIT-BOOSTING TAX CUTS Republicans in the House of Representatives and the Trump administration are planning another deficit-financed tax-cut plan. However, the plan is widely seen as a vote-getting exercise with little chance of becoming law. The plan underscores both the Republican Party’s steadfast confidence in tax cuts as a winning political tool and its recent shift away from fiscal policy conservatism.
The nonpartisan Congressional Budget Office has already warned that making permanent the temporary individual tax cuts would further expand the federal deficit and debt.
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