Republicans Plan To EXPLODE The Deficit With New Tax Cuts For Rich

"With the U.S. careening toward a default crisis that they manufactured, House Republicans are reportedly crafting a major tax cut package that would overwhelmingly benefit the rich and corporations while blowing a multitrillion-dollar hole in the federal deficit.

The fresh push for tax cuts, according to Rep. Ilhan Omar (D-Minn.), further shows that "this hostage crisis has never been about deficits for the GOP.""

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230525__TA0TaxCutForRich

[et]

3 TRILLION for rich people? Why not 3 trill for poor ppl? No reason..

[silencedogood]

A balanced budget requires income increases. Revoke the tax cuts that caused the deficit.

[sailingspokojny]

You can't honestly say you didn't see that one coming.

[Anne]

people earning under 50 thousand a year should be taxed at 75% and people earning up to 400 thousand a year should be taxed at 30 % and 400 thousand and up should be tax exempt because the cost of living a luxury life style comes at an extreme cost, does anyone have a clue what the cost is to maintain a 200 foot mega yacht, i didn't think so and it is up to us to stop complaining on how tough it is to keep food on the table and a roof over your heads to just suck it up and stop trying to live a lavish life style and stop wasting money on fancy meals at McDonalds and Taco Bell and KFC and save that for special occasions

[lucindasmith]

Chris Hayes did do a good piece on this hypocrisy. Am I being overly optimistic that things might be changing?

[edwardmullendore]

So why they complaining about spending and turn around and give Rick brakes .

[jaysmith]

But yet if you sell more than $600 on Ebay will be turned in to the IRS, the IRS delayed this till next year. Don't matter if you don't have a business it will still be turned over to the IRS.

[philliphessel]

The tax cuts can’t be enacted without the Senate. My understanding is that the filibuster rule has, even under Democratic leadership, exceptions for the tax cuts that the Republicans love to push.

However, I also expect that a simple majority could suffice to defeat the initiative.

Anyhow, I would not be sympathetic to establishment Dems’ pleas of “nothing we could do” if the Senate and President allow another round of tax cuts for the financial elite.

[dmgranger]

This is what they do literally every. Single. Time.

[TheWolfHowling]

Republicans: We’re Sorry Kids, The Country simply can afford your Food Assistance
Also Republicans: We’ve got to give Jeff Bezos & Elon Musk another tax cut that they won’t even notice in their bank accounts because they’re “Job Creators”

[lyannatargaryen]

No matter how much they get, it's never enough. The greed is endless!

[karlspear]

Do you want to balance the budget? Bring the taxes on the rich back to the 60s and 70s levels. 70% to 90% on money over a certain amount, say$100 million a year. The rich would still be rich but the economy would be that much better and bigger. if corporations would invest large amounts of their profits back into their companies they would pay less in taxes. At the moment the rich are hoarding money which will soon either cause a revolution or cause the collapse of the nation. A good economy is built from the bottom up, not the top down.

[davidschneider]

My Social Security that I earned over a life time of paying into the system is taxed while swindlers like Trump pay nothing. This can’t go on.

[nehpets]

That is the dumbest thing we could do. We are lowering the Deficit each year that we have a Democrat in office and we could have a surplus in a few years if we don't do something Stupid. Taxes need raised on the Rich.

[messagenabottle]

Aren't tax cuts for the rich the reason we have such a huge deficit in the 1st place?🙄

[jonsmith]

Tax the rich and cut the military budget. That would be a very good start.

[hipointcal]

Reaganomics still haunting this nation

[samanthapandolph]

I wish the whole 99% of us can go on strike against the 1%. Let them do the hard work, and break their backs to keep our country going. Let us 99% get a break and let them do the work to keep their companies going. I'm tired of us having to do all the hardwork and suffering. We shouldn't have anyone starving or homeless in the richest country on earth. Greed is evil

[wandamathison]

Stop giving the rich tax breaks, make them pay their share! 🤬🤬🤬

[riadanabtawi]

It's no secret anymore whom those so called representative really represent.