Posted on 12/13/2016 10:36:32 AM PST by VitacoreVision
You just knew this was coming
Republican leader Mitch McConnell warned today he will not pass Donald Trumps tax cuts.
Senate Majority Leader McConnell has a different plan.
https://www.bloomberg.com/politics/articles/2016-12-12/mcconnell-warning-of-dangerous-debt-wants-tax-cut-offsets
Bloomberg.com reported:
President-elect Donald Trumps race to enact the biggest tax cuts since the 1980s went under a caution flag Monday as Senate Majority Leader Mitch McConnell warned he considers current levels of U.S. debt dangerous and said he wants any tax overhaul to avoid adding to the deficit.
I think this level of national debt is dangerous and unacceptable, McConnell said, adding he hopes Congress doesnt lose sight of that when it acts next year. My preference on tax reform is that it be revenue neutral, he said.
During a news conference, McConnell also poured cold water on the idea of a massive stimulus package, effectively laying out markers on taxes and spending that that could cramp Trumps ambitions.
The Committee for a Responsible Federal Budget, a nonpartisan think tank, has projected that Trumps plans would increase the debt by $5.3 trillion over a decade, with deficits already over $600 billion a year and rising on autopilot.
Turtle Head the tax revenue expert speaketh wind. I’d rather listen to Art Laffer on this subject, and Trump would, too, apparently, since he’s taking tax cut advice from Laffer not Turtle Head.
Guess bringing Elaine Chow on board won’t have the desired effect.
That’s Chao, not Chow. My apologies to Ms. Chao.
NO. We can’t ever do anything that might influence or diminish the all-powerful social-engineering leftist nanny-state!! Its priorities always come first!
And Mitch would never consider substantial spending cuts to deal with this because massive spending is how he generates his campaign contributions by taking care of establishment corporate donors.
Fine. Trump will keep doing what he had been — going to the people and stirring them up to action.
It’s time for turtle soup.
McConnell has yet to realize he is NOT dealing with a “professional politician” any longer...
Rude awakening for McConnell and assoc.
BTW, Hoft...McConnell is NOT the Republican “leader”...That would be PRESIDENT Trump....
Wouldn’t hurt to appoint Ted Nugent Sergeant-at-Arms
“Mitch McConnell warned he considers current levels of U.S. debt dangerous.”
And you did nothing for 8 years but play with your crotch and stuffed your pockets. FUMitch
WHERE THE HELL HAVE THEY BEEN? My gawd!! they ran up a 20 TRILLION Dollar DEFICIT!! They did nothing but capitulate! Now they get Jesus? Are you kidding me ?? We just voted for our tax cuts— we get out tax cuts. You bastards start cutting spending and better do it quick or the deficit gets REAL BIG— Just print the damned money but don’t take it from us!! We just voted TRUMP in on the absolute position to cut our taxes— So get out of the way!!
Thanks again to the voters of ky who reelected this POS. BTY you bespectacled AH tax legislation starts in the house not in your turkey throat.
The voters voted for this, so here is a thought establishment.
Your time is up, you and your elitist pals can go and pound sound, or d the frigging job you were elected to do.
Yeah, right and that’s why they raise the debt ceiling year after year.
Blah blah blah.
the same idiot who passed through every bammy budget??
I am certainly hoping for 20+% cut in the Federal Government. And, yes, we need the tax cuts also. But the Federal Government needs to cut down to size - although I am sure Turtle and I don’t have the same view point on this.
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