A Republican World – The ‘Republican Mantra Of Helping The Poor Needs To Be Paid For But Tax Cuts Don’t’ Edition – ‘GOP Hypocrites Busted For Trying to Add $310 Billion to the Deficit Via Tax Breaks’
‘Today, Republicans proposed tax provisions without offsets that Ranking Member Sander Levin (D-MI) points out would add “a combined $310 billion to the deficit,” which “represents more than half of the entire federal deficit this year.”
“To say that Republican action today is hypocritical is a serious understatement,” Levin charged’.
“Mr. Chairman, it wasn’t long ago that you declared that “the path to our economic recovery starts with fiscal responsibility in Washington.’ This approach today flies smack in the face of fiscal responsibility. Fiscal responsibility should not simply be a slogan.”
“The Joint Committee on Taxation has estimated that the bills, without an offset, would add a combined $310 billion to the deficit. To put that figure into context, that total represents more than half of the entire federal deficit this year – which I should note is the lowest it has been since President Obama took office.”
“The total represents nearly two-thirds of all non-defense domestic discretionary spending in 2014′.
‘It is more than three times what we spend annually on education, job training and social services’.
‘It is five times more than we spend on veterans. And it is five times more than we spend on medical research and public health.”
From : http://www.politicususa.com/2014/04/29/republicans-move-add-310-billion-deficit-federal-deficit-year.html