No surprise
They got tax cuts for the rich and big corporations with Trump in 2017……
They ain’t giving anything back
In fact if they could?
They’d put the IRS out of business…..
BTW?
Increases in Budget’s?
Please READ below……
Fact check….
The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war….
Current Budget/Debt Talks…..
….
On a phone call last week, senior White House officials floated about a dozen tax plans to reduce the deficit as part of a broader budget agreement with House Republicans, including a measure aimed at cryptocurrency transactions and another for large real estate investors, two of the people said. They were all swiftly rejected by the GOP aides on the call, the people said.
Fueling a sense of urgency in the negotiations, Treasury Secretary Janet L. Yellen affirmed Monday in a letter to congressional leaders that the debt ceiling must be raised soon or the government could run out of money to pay all of its bills as soon as June 1….
…
The GOP’s rejection of the White House tax proposals — which has not previously been reported — reflects the near-unanimous opposition among congressional Republicans to using higher revenue to rein in the federal debt.
Republicans have characterized rising debt as an existential threat to the nation’s future and economic health, and have aggressively sought to leverage the nation’s borrowing limit — which must be raised to avoid a potential financial catastrophe — to force through trillions of dollars in spending cuts as a solution. The White House would prefer to cut into the debt with targeted tax increases….
President Biden
@POTUS
The House Republican wish list would put a million older adults at risk of losing their food assistance and going hungry.
Rather than push Americans into poverty, we should reduce the deficit by making sure the wealthy and large corporations pay their fair share in taxes.