Merlin
Republicans Claim We Can Have Our Cake and Eat It Too
Thu Sep 28, 2017 8:09am
24.228.93.156



I hope they are right this time. I could murder a generous helping of



;-)


With Tax Cuts on the Table, Once-Mighty Deficit Hawks Hardly Chirp

The change in tone on fiscal matters has been swift. This spring, Senator Mitch McConnell of Kentucky, the majority leader, asserted that the tax overhaul needed to be revenue neutral, citing the nation’s debt and invoking Mr. Trump’s Democratic predecessor.

“We added an enormous amount of debt during the Obama years,” Mr. McConnell said.

Now, Republican lawmakers are betting that economic growth will fix the nation’s fiscal woes with no pain and a lot of gain.

“The only way we’re going to solve our long-term debt and deficit issue to allow the federal government to have the revenue it’s going to need to fund all these promises made is with strong — and I mean strong — economic growth,” said Senator Ron Johnson, Republican of Wisconsin and a member of the Senate Budget Committee. “You’re not going to achieve that with an awful tax system.”

Mr. Kennedy, another member of the budget panel, said Americans have to have faith.

“If we do it right, then the economy will be stimulated appropriately and tax revenues will go up and the deficit won’t increase,” Mr. Kennedy said. “Now, I can’t prove to you that that will happen. But neither can anybody else.”