Republicans looking at a temporary tax cut that would balloon the deficit

[KingOrfeo]

Republicans are now looking to pass a temporary tax cut that would balloon the deficit.

The so-called “candy option” would lower both corporate and personal tax rates, along with limited repatriation, and would be funded primarily through deficit spending, according to a report by Axios. It would also include what’s being referred to as an “Ivanka credit,” which would apply to child care. Because it would add to the budget deficit, the tax cuts would have to be temporary, since permanent cuts can’t be made through the reconciliation process if they increase the deficit. This raises questions about whether the candy option would actually count as real tax reform at all.

One Republican lobbyist told Axios: “It’s something they can pass. We need to junk our current tax code for one more suited to the modern economy. But the ability to accomplish that goal just isn’t there.” That said, both House and Senate Republicans are skeptical as to whether the candy option could actually be passed.

 

[FGB]

Oh, I am sure we can find other ways!

 

[Not Normal]

All most americans will hear is "tax cut" and they will jump for joy. Americans think first about them selves, and their money.

 

[Hard_Rom]

There are two choices. Cut taxes and watch deficit rise or raise taxes and see deficit decrease. Things like a 25% cut to the military are not realistic in America. For that you would truly need an isolationist regime.

 

[BotanyBoy]

There are two choices. Cut taxes and watch deficit rise or raise taxes and see deficit decrease. Things like a 25% cut to the military are not realistic in America. For that you would truly need an isolationist regime.

No, we would just have to stop being interventionist/world police.

Not being the head of the Department of Regime change planet Earth wouldn't make us isolationist.

 

[KingOrfeo]

No, we would just have to stop being interventionist/world police.

Not being the head of the Department of Regime change planet Earth wouldn't make us isolationist.

Considering the starting point, just suggesting we don't need a global network of military bases would be isolationist.

 

[BotanyBoy]

Considering the starting point, just suggesting we don't need a global network of military bases would be isolationist.

Only if you're a clown.

Nothing isolationist about not being interventionist.