Author Topic: The Indefensible Republican Defense of the 2022 Inflation Reduction Act  (Read 1879 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • TBR Contributor
  • *****
  • Posts: 176,735
The Indefensible Republican Defense of the 2022 Inflation Reduction Act
4 hours ago Guest Blogger 
By Paul H. Tice

As President Trump works with the Republican-controlled Congress to pass his big, beautiful tax bill, it is exposing some ugly truths about the policy conviction of certain GOP members.

Extending the lower tax brackets of the 2017 Tax Cuts and Jobs Act (TCJA) was already a challenge due to the razor-thin GOP margin in the House and the federal government’s unique budget math, which mandates spending cuts to offset the estimated $4.5 trillion “cost” of not raising tax rates over the next decade.

Complicating matters, several Republican Congressman from high-tax states have been publicly agitating since election day for the repeal of the state and local tax (SALT) deduction cap included in the TCJA, which would mean additional pay-fors must be found.

https://wattsupwiththat.com/2025/03/25/the-indefensible-republican-defense-of-the-2022-inflation-reduction-act/
The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address