Republicans are basically lying about many of their policies...probably because they have low moral fiber and are twisted individuals.
Republican Deficit Hypocrisy
By MIKE LOFGRENJAN. 15, 2016
Continue reading the main story
At the Republican debate last night in South Carolina, Republicans were happy to talk about, and denounce, the budget deficit and debt. Senator Marco Rubio said that we must “bring our debt under control.”
Mr. Rubio, like other G.O.P. candidates, rails against the deficit as a sign of President Obama’s moral failure. He advocates a balanced-budget amendment.
As a recovering Republican who retired in 2011 after serving on the House and Senate Budget Committees, I have concluded that this ritual denunciation of deficits and out-of-control spending is a fraud. Not only does the party not care about the deficit, but its practice since 1981 has been to worsen it.
We should pay particularly close attention to the Republican budget proposals from the presidential candidates in 2016. If a Republican is elected president, the party will almost surely have maintained control of Congress and, therefore, control the federal budget.
Since Mr. Rubio offers a detailed plan on taxes and spending — and since he is widely considered an “establishment” candidate — voters might carefully consider what his budget blueprint offers. Here’s the short version: It draws on fantasy math that would wreck America’s fiscal house.
Photo
Marco Rubio during the Republican presidential debate in North Charleston, S.C. Credit Eric Thayer for The New York Times
On the tax side, Mr. Rubio slashes rates on personal and corporate income, and gives bigger breaks to wealthier Americans.
It doesn’t end there. Other candidates would reduce rates on capital gains and dividends, but Mr. Rubio would eliminate those taxes. He almost went out of his way to concoct a policy that would benefit the richest Americans: 79 percent of current revenue from these two taxes comes from the top 1 percent of earners, and less than 10 percent from the bottom 95 percent.
He would also end the estate tax. Republicans invariably call this the “death tax,” insinuating that it hits everyone unfortunate enough to die. Not even close: Only about 5,400 estates in America owe federal estate tax for 2015. But getting rid of it would add about $300 billion to the deficit over 10 years.
Mr. Rubio’s policies would cause a tidal wave of red ink...
See Link
http://www.nytimes.com/2016/01/15/opinion/campaign-stops/the-republican-deficit-hypocrisy.html?_r=0
Republican Deficit Hypocrisy
By MIKE LOFGRENJAN. 15, 2016
Continue reading the main story
At the Republican debate last night in South Carolina, Republicans were happy to talk about, and denounce, the budget deficit and debt. Senator Marco Rubio said that we must “bring our debt under control.”
Mr. Rubio, like other G.O.P. candidates, rails against the deficit as a sign of President Obama’s moral failure. He advocates a balanced-budget amendment.
As a recovering Republican who retired in 2011 after serving on the House and Senate Budget Committees, I have concluded that this ritual denunciation of deficits and out-of-control spending is a fraud. Not only does the party not care about the deficit, but its practice since 1981 has been to worsen it.
We should pay particularly close attention to the Republican budget proposals from the presidential candidates in 2016. If a Republican is elected president, the party will almost surely have maintained control of Congress and, therefore, control the federal budget.
Since Mr. Rubio offers a detailed plan on taxes and spending — and since he is widely considered an “establishment” candidate — voters might carefully consider what his budget blueprint offers. Here’s the short version: It draws on fantasy math that would wreck America’s fiscal house.
Photo
Marco Rubio during the Republican presidential debate in North Charleston, S.C. Credit Eric Thayer for The New York Times
On the tax side, Mr. Rubio slashes rates on personal and corporate income, and gives bigger breaks to wealthier Americans.
It doesn’t end there. Other candidates would reduce rates on capital gains and dividends, but Mr. Rubio would eliminate those taxes. He almost went out of his way to concoct a policy that would benefit the richest Americans: 79 percent of current revenue from these two taxes comes from the top 1 percent of earners, and less than 10 percent from the bottom 95 percent.
He would also end the estate tax. Republicans invariably call this the “death tax,” insinuating that it hits everyone unfortunate enough to die. Not even close: Only about 5,400 estates in America owe federal estate tax for 2015. But getting rid of it would add about $300 billion to the deficit over 10 years.
Mr. Rubio’s policies would cause a tidal wave of red ink...
See Link
http://www.nytimes.com/2016/01/15/opinion/campaign-stops/the-republican-deficit-hypocrisy.html?_r=0