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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFirst House GOP Bill Would Hike Deficit by $114 Billion
First House GOP Bill Would Hike Deficit by $114 Billion
January 9, 2023 at 5:02 pm EST By Taegan Goddard 5 Comments
https://politicalwire.com/2023/01/09/first-house-gop-bill-would-hike-deficit-by-114-billion/
"SNIP.......
After voting on the adoption of a rules package Monday night, the House plans to vote on a bill from Rep. Adrian Smith (R-NE) that would yank back about $80 billion in IRS funding, which Democrats included in their party-line tax, climate and health bill last year, Politico reports.
But the Congressional Budget Office has put a big pricetag on this first legislative priority.
The CBO estimates that the bill to roll back IRS funding will increase the deficit by more than $114 billion over a decade, reducing spending by more than $71 billion and decreasing revenues by nearly $186 billion.
.......SNIP"
Lovie777
(12,321 posts)applegrove
(118,759 posts)TheRealNorth
(9,500 posts)And millennials and younger will be told there is no SS and medicare left for them
Elessar Zappa
(14,033 posts)This is performative bullshit.
LetMyPeopleVote
(145,489 posts)MissMillie
(38,574 posts)They want to repeal spending that actually pays for itself.
They'll make grandma and grandpa go without Social Security and Medicare to get this done.
TheRealNorth
(9,500 posts)They might lose FL if they do that. But they have no problem cutting the benefits of the younger folks. In fact, that works very well for them because it does nothing in the immediate term for the budget, so they can continue to rail about deficits and the debt to continue cutting more things they don't like.
But luckily, we are safe for 2 years with Biden in charge.
MissMillie
(38,574 posts).
maxsolomon
(33,384 posts)because it's DOA.