'I'm shocked,' says DavidCornDC, 'shocked to see that when it comes to tax cuts for the wealthy, the Republicans really don't care about inflation, deficits, the debt, or inequality.'
on Monday details how Republicans believe, if they do retake the House and Senate, they can force through an extension of the Trump tax cuts for the rich by putting President Joe Biden in a political box ahead of the 2024 presidential campaign.Many economists say the GOP's plans to expand the tax cuts flies against their promises to fight inflation and reduce the federal deficit, which have emerged as central themes of their 2022 midterm campaign rhetoric.
"The extreme MAGA Republicans' top priorities? Destroying Social Security and Medicare and criminalizing reproductive freedom," U.S. Rep. Bobby Scott report."Now they also want tax cuts for corporations and the super-wealthy which adds to the deficit and worsens inflation." Pennsylvania Lt. Gov. John Fetterman, a Democrat running to represent the state in the U.S. Senate, said in a
that his Republican opponent, TV doctor Mehmet Oz,"would be an automatic vote for this disastrous GOP agenda to cut taxes for the wealthy and corporations while making inflation worse."that Republicans successfully used a similar strategy to force former Democratic presidents Bill Clinton and Barack Obama to sign tax cuts they did not initially support.
"The trick is to put the president in a position of either getting defeated in 2024 or signing your stuff into law," Gingrich explained."Republicans will make it a priority to continue the Trump tax cuts because it puts the Democrats in a position of being for tax increases and against economic growth."that"the House GOP's top priority is to worsen inflation and raise energy and healthcare costs by repealing the Inflation Reduction Act.
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