Modbert
Daydream Believer
- Sep 2, 2008
- 33,178
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This is just a taste of what we get in November when the Republicans take back the house and get closer in the senate.
Jon Kyl: Extend Bush Tax Cuts For Wealthy Even If They Add To Deficit
Least we know whose interests top Republicans like Jon Kyl have in mind. Thoughts USMB?
Jon Kyl: Extend Bush Tax Cuts For Wealthy Even If They Add To Deficit
Top Senate Republican Jon Kyl (R-Ariz.) insisted on Sunday that Congress should extend the Bush tax cuts for the wealthiest Americans regardless of their impact on the deficit, even as he and other Republicans are blocking unemployment insurance extensions over deficit concerns.
"Surely Congress has the authority, and it would be right to -- if we decide we want to cut taxes to spur the economy, not to have to raise taxes in order to offset those costs. You do need to offset the cost of increased spending, and that's what Republicans object to. But you should never have to offset cost of a deliberate decision to reduce tax rates on Americans."
As Steve Benen at the Washington Monthly notes:
It's quite a message to Americans: Republicans believe $30 billion for unemployment benefits don't even deserve a vote because the money would be added to the deficit, but Republicans also believe that adding the cost of $678 billion in tax cuts for the wealthy to the deficit is just fine.
The chart below shows the deficit impact of the Bush tax cuts over the next decade.
Least we know whose interests top Republicans like Jon Kyl have in mind. Thoughts USMB?