GOP Finally Admits That Tax Cuts Add To The Deficit

[J.E.D]

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.

Senate Republican Leader Mitch McConnell said Tuesday that Republicans are working on an alternate proposal for extending the payroll tax cut, and predicted that, at the end of the day, "the House will insist that as we extend this payroll tax relief for individuals only for another year."
McConnell, speaking to reporters at a press availability, declined to provide details of the Republican bill, other than to say it would "be paid for in an acceptable way that does not adversely impact job creation."

"In all likelihood, we will agree to continue the current payroll tax relief for another year, but we believe that it should be paid for," the Kentucky Republican told reporters.

~snip~

McConnell said Tuesday that it was necessary to pay for the tax cuts because "with this $15 trillion debt we now have, bigger than our economy, we need to be paying for a measure like this that's temporary."

McConnell: GOP working on alternate proposal for payroll tax cut extension - Political Hotsheet - CBS News

 

[Truthmatters]

turtle head admitted it?

 

[Truthmatters]

I wish they had cared about paying for it a decade ago.

 

[Mad Scientist]

Well yeah, tax cuts without the accompanying spending cuts WILL lead to deficits. Who doesn't know that?

 

[J.E.D]

Well yeah, tax cuts without the accompanying spending cuts WILL lead to deficits. Who doesn't know that?

Talk to Republicans. They keep saying that the Bush tax cuts didn't add to the deficit.

 

[Truthmatters]

magic thinking is part of the platform

 

[J.E.D]

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.

 

[Truthmatters]

eventually their lies have to be abondoned because lies have a way of outing themselves.

 

[J.E.D]

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.”

 

[Truthmatters]

HAHAHAHAHAHAH


there lies are coming back to haunt them

 

[DiamondDave]

Well yeah, tax cuts without the accompanying spending cuts WILL lead to deficits. Who doesn't know that?

Talk to Republicans. They keep saying that the Bush tax cuts didn't add to the deficit.

It doesn't... just as if you work on commission and you earn less in a month, it does not add to your personal spending deficit... your continued spending or increased spending adds to the deficit... most any intelligent person would know to cut back on what you spend... but not our government

 

[Charles_Main]

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.

Senate Republican Leader Mitch McConnell said Tuesday that Republicans are working on an alternate proposal for extending the payroll tax cut, and predicted that, at the end of the day, "the House will insist that as we extend this payroll tax relief for individuals only for another year."
McConnell, speaking to reporters at a press availability, declined to provide details of the Republican bill, other than to say it would "be paid for in an acceptable way that does not adversely impact job creation."

"In all likelihood, we will agree to continue the current payroll tax relief for another year, but we believe that it should be paid for," the Kentucky Republican told reporters.

~snip~

McConnell said Tuesday that it was necessary to pay for the tax cuts because "with this $15 trillion debt we now have, bigger than our economy, we need to be paying for a measure like this that's temporary."

McConnell: GOP working on alternate proposal for payroll tax cut extension - Political Hotsheet - CBS News

Of course they do, though the Added Economic Activity they can Create can offset some of it, and responsible Conservatives want Off Setting Spending Cuts as well.

Only idiots like Bush think you can Spend more, Tax less, and everything will be A OK.

 

[MikeFrank]

LMFAO, Tax cuts don't add to a deficit, spending does. Where the hell do you people come up with this stuff?

We don't have a taxing problem in this country, we have a spending problem, when you spend more than you take it it creates a deficit, stop spending and balance the fucking budget assholes.

 

[WillowTree]

so why is obamie pushing for payroll tax cuts?

 

[J.E.D]

[ame=http://www.youtube.com/watch?v=_zaQf9kl248]Kyl says tax cuts don't have to be paid for - YouTube[/ame]

 

[Truthmatters]

LMFAO, Tax cuts don't add to a deficit, spending does. Where the hell do you people come up with this stuff?

We don't have a taxing problem in this country, we have a spending problem, when you spend more than you take it it creates a deficit, stop spending and balance the fucking budget assholes.

when you get your hours cut does it add to your income or take away from your income?

 

[Dragon]

LMFAO, Tax cuts don't add to a deficit, spending does. Where the hell do you people come up with this stuff?

Math, probably. Or at least basic arithmetic. Like recognizing that the budget has two sides to it, not one, and that decreasing revenues increased the deficit every bit as much as increasing spending. Anyone who's ever balanced a household budget knows that: getting laid off affects it every bit as much as going on a spending spree.

That's just common sense, and once again we see that the right is not fact-based.

 

[Truthmatters]

great finds there Joe

 

[J.E.D]

LMFAO, Tax cuts don't add to a deficit, spending does. Where the hell do you people come up with this stuff?

We don't have a taxing problem in this country, we have a spending problem, when you spend more than you take it it creates a deficit, stop spending and balance the fucking budget assholes.

Talk to McConnell

"In all likelihood, we will agree to continue the current payroll tax relief for another year, but we believe that it should be paid for," the Kentucky Republican told reporters.

McConnell said Tuesday that it was necessary to pay for the tax cuts because "with this $15 trillion debt we now have, bigger than our economy, we need to be paying for a measure like this that's temporary."

http://www.cbsnews.com/8301-503544_1...cut-extension/

 

[J.E.D]

[ame=http://www.youtube.com/watch?v=yGTvDHCBs3E&feature=related]Pence agrees that tax cuts don't have to be paid for - YouTube[/ame]