Tax and Appropriations

Chart of the Day: GOP Plan for Deficit Reduction

This chart from a Dartmouth survey explains the Republican plan to achieve deficit reduction – more specifically, it points out why they don’t have one.  As Slate points out, there’s “no Republican support at a grass-roots level for any measure that would lead to substantial deficit reduction.”

"Panic Time": Republicans Breaking Ranks With Grover

Yesterday’s meeting with Grover Norquist to keep Republicans in the fold came as more and more Republicans are starting to admit that we can’t face our fiscal challenges without putting revenues on the table. Our favorite recap, courtesy of TPM:

Bearing the Economic Burden

Who would receive the greatest benefit under Republicans’ tax plan? Not low and middle-income Americans, according to a new analysis by Citizens for Tax Justice. According to their report, under the Republicans’ tax plan the poorest 20 percent of Americans would receive an average tax cut of $120 while the richest one percent would receive an average cut of $70,790.

Middle Class Taxes By the Numbers

While Republicans are holding middle class tax cuts hostage so they can give tax cuts to the wealthy, they might want to check out today’s National Journal poll.  According to the poll results, a majority of Americans oppose extending tax breaks for the wealthy:

Hoyer Statement on President Obama's Speech on the Economy

For Immediate Release:

June 14, 2012

Contact:

Katie Grant, 202-225-3130

Office of the Democratic Whip Steny H.</p />
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GOP Admits to Placing Political Priorities Over American People

Looks like Republicans have given up trying to hide their true priorities.  While Americans and businesses are facing economic uncertainty, Republicans are now admitting that they’re slowing down the legislative process on purpose in the hopes of postponing debate on critical items until after the election, when they hope things will be more in their favor. 

Two Republicans are quoted in this Wall Street Journal article about their plan to delay legislation until the next Congress:

The Ripple Effect

Yesterday, we highlighted some harsh truths former Gov. Jeb Bush of Florida said at a breakfast with reporters, during which he pointed out that confrontation has become the new norm for Congressional Republicans. But as Dana Milbank points out in his Washington Post column, Jeb Bush’s statement has caused several other prominent Republicans to admit their discontent with their party’s style of governing. 

NYT Op-Ed: The Truth Behind the Republican Blame Game

There has been a lot of finger-pointing recently about who is responsible for our country’s economic health.  While Republicans are busy blaming President Obama, this New York Times op-ed by Bruce Bartlett—himself an advisor to two Republican presidents—explains that the previous White House occupant, Mr. Bush, is actually more responsible for our country’s budget deficit.

As the op-ed explains:

Don't Take Our Word For It

By now, you have probably heard it plenty of times from us: Republicans continue to insist on confrontation over consensus, no matter the cost to our economy. We need a big, bold and balanced deficit reduction plan, but it takes two to tango. And the GOP is so allergic to compromise, House Republicans skipped town for another recess, with critical measures to keep our highways funded and student loan rates from doubling still unresolved.

Republicans Continue to Ignore Critical Job Creation Legislation

For Immediate Release:

June 8, 2012

Contact:

Katie GrantDaniel Reilly, 202-225-3130

Office of the Democratic Whip Steny H.</p />
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