Tax and Appropriations

Afternoon Roundup: Priorities Edition

The recaps are in from yesterday’s mark-up of House Republicans’ reconciliation bill, and it certainly isn’t pretty. We’ve picked a few of our favorites that demonstrate the awfulness of the Republican bill. Enjoy:

Politico: GOP: Shield Pentagon, cut poverty programs

New Poll Confirms GOP Out of Touch with the Priorities

From the Democratic Whip Press Shop:

In their headlong charge to protect tax cuts for the wealthy at all costs, Senate Republicans voted today to block consideration of a measure to keep student loan rates from doubling on July 1. This comes on the heels of House Republicans rejecting any attempts at a bipartisan compromise on the student loan issue. And guess what? The American people don’t like that too much.

Hypocrisy Watch: Republicans Have “No Plans” to Pay For

Need more proof House Republicans were never actually serious about reducing the deficit? The Hill reports today that Republicans have no plans to pay for an extension of the Bush tax cuts:

“House Republicans say they have no plans to pay for the extension of the Bush-era tax rates, a move that could erase the deficit reduction they have achieved since winning their majority in the chamber in 2010.”

Questions for Republicans on their Tax Cut for Millionaires

We’ve got a number of questions on the “election-year giveaway” (according to Bruce Bartlett) Republicans brought to the House Floor today.  While it’s entertaining watching Republicans contort themselves to make this look like it’s about small businesses, the numbers make it pretty clear that it’s about relief for the wealthiest while everyone else bears the cost.  Here are some questions for Republicans that continue to leave us scratching our heads:

NY Times Editorial: More Help for the Wealthy

For Immediate Release:

April 14, 2012

Contact:

Editorial Board

The New York Times

Taxes are never popular, especially in April of an election year. But the Republicans’ latest effort to tilt the tax code in favor of the wealthy, and starve the government of needed revenue, is particularly cynical.

Bartlett: The Small Business Tax Break That Favors the Rich

For Immediate Release:

March 30, 2012

Contact:

By Bruce Bartlett

The Financial Times

This week, the House Ways and Means Committee reported H.R. 9, the Small Business Tax Cut Act, which would give every business in the United States with fewer than 500 employees a deduction equal to 20 percent of its gross receipts.

A Choice of Two Futures: What Would You Choose?

For Immediate Release:

March 21, 2012

Contact:

Katie GrantDaniel Reilly, 202-225-3130

Office of the Democratic Whip Steny H.  </div>
  
      <div class=Posted in