GOP Finally Admits That Tax Cuts Add To The Deficit

Discussion in 'Politics' started by J.E.D, Nov 30, 2011.

  1. J.E.D
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    J.E.D What's tha matta?

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    Remember the Bush tax cuts that weren't paid for? Republicans in DC and across this nation insisted that tax cuts don't have to be paid for; that tax cuts don't add to the deficit. Those of us that have a little common sense shook our heads in disbelief at that notion while their loyal base eagerly lapped up the GOP talking points and repeated them as gospel.

    Well, sorry cons, but the jig is up. None other than Mitch McConnell admitted what we already knew - that tax cuts do in fact add to the deficit.

     
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  2. Truthmatters
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    turtle head admitted it?
     
  3. Truthmatters
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    I wish they had cared about paying for it a decade ago.
     
  4. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Well yeah, tax cuts without the accompanying spending cuts WILL lead to deficits. Who doesn't know that?
     
  5. J.E.D
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    J.E.D What's tha matta?

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    Talk to Republicans. They keep saying that the Bush tax cuts didn't add to the deficit. :dunno:
     
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    magic thinking is part of the platform
     
  7. J.E.D
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    J.E.D What's tha matta?

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    Boehner: Bush tax cuts didn't lead to the deficit - The Hill's On The Money

    Look, it’s a simple matter of credibility. Boehner voted for the Bush tax cuts, and added the costs to the national debt. Boehner then voted to finance the war in Afghanistan by adding the costs to the national debt. He then voted to put the costs of the war in Iraq onto the national debt. Boehner supported a massive expansion of the government’s role in health care, Medicare Part D, and voted to pile all of its costs right onto the national debt. He then backed the financial industry bailout, and added the bill to the national debt.

    Last December, Boehner demanded an extension of Bush-era tax rates, didn’t even try to pay for them, and insisted the costs be added to the national debt.

    This year, the Speaker has been offered a variety of Democratic debt-reduction plans, including President Obama’s Grand Bargain, and Boehner has turned them all down.
     
  8. Truthmatters
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    eventually their lies have to be abondoned because lies have a way of outing themselves.
     
  9. J.E.D
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    J.E.D What's tha matta?

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    No, Gov. Pawlenty, Tax Cuts Don't Pay for Themselves | Capital Gains and Games

    Republicans claim to be deeply concerned about the budget deficit and the national debt, yet repeatedly demand additional large tax cuts. For example, former Minnesota Gov. Tim Pawlenty, a candidate for the Republican presidential nomination, supports a balanced budget amendment to the Constitution but also wants an $8 trillion tax cut. He rationalizes this contradiction by asserting that his tax cut will not actually lose any revenue. As Pawlenty told Slate reporter Dave Weigel on June 13:

    “When Ronald Reagan cut taxes in a significant way, revenues actually increased by almost 100 percent during his eight years as president. So this idea that significant, big tax cuts necessarily result in lower revenues – history does not [bear] that out.”
     
  10. Truthmatters
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    HAHAHAHAHAHAH


    there lies are coming back to haunt them
     

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