Will Republicans Cut Taxes for Your Family?
With President Trump and the Republicans in full control of both the White House and the U.S Congress, now the question is: Will Republicans Cut Taxes for Your Family?
Yahoo News / WASHINGTON (AP) — Republicans spooked world markets in their ardor to cut spending when Democrat Barack Obama was in the White House. Now, with Republican President Donald Trump pressing for politically popular tax cuts and billions more for the military, few in the GOP are complaining about the nation’s soaring debt.
The tea partyers and other conservatives who seized control of the House in 2010 have morphed into Ronald Reagan-style supply-siders while the GOP’s numerous Pentagon pals run roughshod over the few holdouts. Tax cuts in the works could add hundreds of billions of dollars to the debt while bipartisan pressure for more money for defense, infrastructure and domestic agencies could mean almost $100 billion in additional spending next year alone.
The bottom line: The $20 trillion national debt promises to spiral ever higher with Republicans controlling both Congress and the White House.
…… “We want pro-growth tax reform that will get the economy going, that will get people back to work, that will give middle-income taxpayers a tax cut and that will put American businesses in a better competitive playing field so that we keep American businesses in America,” Ryan said in an AP Newsmakers interview this past week. “That’s more important than anything else.”
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(Source: Yahoo News)