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Handsome Devil
Rep. Lloyd Doggett: GOP's Proposed "Cut-Go" Rule Will Add Billions to Deficit, Distort the Budgetary Process
Written by Rep Lloyd Doggett.
Written by Rep Lloyd Doggett.
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Even Republican economists, like former CBO Director Doug Holtz-Eakin, concede that "there is no serious research evidence" to support the too frequent claim that "tax cuts pay for themselves."
Yet reality doesn't stop the mythmakers. Now this old concept has returned in the proposed Republican "Cut-Go" rule, which excludes any requirement that tax cuts be offset. This change demonstrates Republican indifference to our growing national debt except as an excuse for cutting current public initiatives that they wish to weaken or eliminate.
Even Republican economists, like former CBO Director Doug Holtz-Eakin, concede that "there is no serious research evidence" to support the too frequent claim that "tax cuts pay for themselves."
Yet reality doesn't stop the mythmakers. Now this old concept has returned in the proposed Republican "Cut-Go" rule, which excludes any requirement that tax cuts be offset. This change demonstrates Republican indifference to our growing national debt except as an excuse for cutting current public initiatives that they wish to weaken or eliminate.
Grover Norquest told us a long time ago what the REAL AGENDA of the GOP was
"My goal is to cut government in twenty-five years, to get it down to the size where we can drown it in the bathtub."