If Congressional Republicans’ goal is to convince the American people that they care about spending, Senate Minority Leader Mitch McConnell’s latest tax proposal that would double the nation’s deficit over the next decade to $4 trillion is a perplexing start. A story in The
Washington Post today outlines the Senate Republicans’ plan, while ironically quoting him as saying “We have a spending problem.”
And just this morning, according to another Washington Post story John Boehner caved to the wealthy special interests and flipped his position back to supporting the extension of the tax cuts for the wealthiest
Americans while holding the middle class tax cuts hostage.
Instead of joining President Obama in his call to extend the middle class tax cuts to working families, to the people who need it most, McConnell and Boehner’s focus appears to be on millionaires and billionaires who aren’t asking for a tax cut. During these challenging economic times, we simply can’t afford to borrow another $700 billion
over the next decade to give an average tax cut of $100,000 to
Americans making over $1 million per year.
What’s clear is that Senator McConnell’s and Congressman Boehner’s plan would do absolutely nothing to grow our economy, put people back to
work and strengthen America’s middle class. Instead, it would take us back to the same exact failed economic policies that created the mess we’re in: cut taxes for millionaires and billionaires; cut rules for
the special interests and big corporations and cut the middle class loose to fend for itself.
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