The national debt just crossed $39 trillion—almost doubling since Trump vowed to erase it

[markef]

TAX CUTS

Mechanism: Passed using Congressional reconciliation procedures to avoid a filibuster in the Senate.


THEY COULDN'T USE FOR 2010


Budget reconciliation in 2010 was used to pass significant health reform (ACA) and student loan changes, but increasing taxes through this process is often avoided due to the Byrd Rule. This rule restricts legislation to direct budgetary impacts, requiring a 60-vote threshold in the Senate for any "extraneous" policy changes, such as tax increases that raise long-term deficits or violate jurisdictional rules

Are you saying that Obama wanted to raise taxes in the throes of a depression?

LIA: Obama tax plan lowers taxes for the rich

Amid a debate over whether to extend the Bush tax cuts for the wealthy, a new examination reveals that Obama's plan would be a boon for many of the nation's affluent even if Bush's cuts are rolled back. While nobody's talking about President Barack Obama's proposal as a windfall for the wealthy...

libn.com

LIA: Obama tax plan lowers taxes for the rich​

Claude Solnik//October 13, 2010//