{"id":2435,"date":"2018-03-28T14:22:00","date_gmt":"2018-03-28T14:22:00","guid":{"rendered":"http:\/\/democrats.org\/blog\/2018\/03\/28\/republicans-try-to-save-face-after-passing-tax-cuts-for-rich-that-increase-deficit-by-1-4-trillion\/"},"modified":"2018-03-28T14:22:00","modified_gmt":"2018-03-28T14:22:00","slug":"republicans-try-to-save-face-after-passing-tax-cuts-for-rich-that-increase-deficit-by-1-4-trillion","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/republicans-try-to-save-face-after-passing-tax-cuts-for-rich-that-increase-deficit-by-1-4-trillion\/","title":{"rendered":"Republicans Try To Save Face After Passing Tax Cuts For Rich That Increase Deficit by $1.4 Trillion"},"content":{"rendered":"

Republicans blew up the deficit by prioritizing tax cuts for the top 1% and big corporations at the expense of middle-class families. Now they’re trying to save face, but Americans know better.<\/p>\n

 <\/p>\n

Republicans passed tax cuts for the rich and big corporations which would add more than $1.4 trillion to the deficit.<\/strong><\/p>\n

 <\/p>\n

New York Times<\/a>: “In the Congressional Budget Office’s analysis of the Senate tax bill, the cuts would add $1.414 trillion to the deficit by 2027<\/strong>.”<\/p>\n

 <\/p>\n

Republicans prioritized tax cuts for corporations at the expense of individuals, who would actually see their taxes increase.<\/strong><\/p>\n

 <\/p>\n

Washington Post<\/a>: “As a result, when all’s said and done, the net effect of all individual provisions in the tax bill, according to the JCT, is to raise taxes on individuals by a cumulative $83 billion in 2027<\/strong>. Meanwhile, businesses are getting a $49.4 billion cut that year.”<\/p>\n

 <\/p>\n

Associated Press<\/a>: “Congress' official tax analyst says while the Republican tax bill would mean an average initial reduction for all income groups, average taxes would rise for everyone earning under $75,000 by 2027<\/strong>.”<\/p>\n

 <\/p>\n

Now Republicans want to save face ahead of the midterms by proposing making tax cuts for individuals permanent, further increasing the deficit. <\/strong><\/p>\n

 <\/p>\n

Politico<\/a>: “Republicans are dreaming of passing another round of tax cuts this year — or at least making vulnerable Democrats squirm by voting against them. GOP leaders are weighing a series of votes to make last year’s temporary tax cuts for individuals permanent<\/strong>, according to Republicans in both chambers.”<\/p>\n

 <\/p>\n

Meanwhile, despite blowing up the deficit to benefit corporations over individuals, Republicans now plan to call for a balanced-budget amendment.<\/strong><\/p>\n

 <\/p>\n

Politico Playbook<\/a>: “HOUSE REPUBLICANS will take up a balanced-budget amendment<\/strong> when they return from recess, several sources tell us.”<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Republicans blew up the deficit by prioritizing tax cuts for the top 1% and big corporations at the expense of middle-class families. Now they’re trying to save face, but Americans know better.   Republicans passed tax cuts for the rich and big corporations which would add more than $1.4 trillion to the deficit.   New <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2435","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nRepublicans Try To Save Face After Passing Tax Cuts For Rich That Increase Deficit by $1.4 Trillion - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/republicans-try-to-save-face-after-passing-tax-cuts-for-rich-that-increase-deficit-by-1-4-trillion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-28T14:22:00+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/republicans-try-to-save-face-after-passing-tax-cuts-for-rich-that-increase-deficit-by-1-4-trillion\/\",\"url\":\"https:\/\/democrats.org\/news\/republicans-try-to-save-face-after-passing-tax-cuts-for-rich-that-increase-deficit-by-1-4-trillion\/\",\"name\":\"Republicans Try To Save Face After Passing Tax Cuts For Rich That Increase Deficit by $1.4 Trillion - 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