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USA Today Exposes Republican Establishment Budget Hypocrisy

Will this presidential election be the most important in American history?

When it comes to cutting spending the Republican establishment is as bad as the Democrats.

The tax extender bill – a series of billion dollar tax breaks for big business that is moving through Congress – exposes the hypocrisy of House leadership. The bill gives tax breaks for Hollywood studios, NASCAR race tracks and a host of special interests among other giveaways.

An editorial in USA Today sheds light on the Republican double speak:

Fiscal hard-liners in Congress have insisted on offsetting the cost of virtually every proposal that would increase the deficit — a temporary extension of benefits for the long-term unemployed, for example, or an increase in Medicare payments to doctors.

But that discipline only goes so far. House Republicans have declared that when it comes to offsets, tax cuts don’t count — budget be damned. Last week, the Republican-led House Ways and Means Committee voted largely along party lines to make six temporary tax cuts permanent, at a cost of $310 billion in lost revenue over the next 10 years. Total offsets: $0 over the next 10 years.

The editorial accurately characterizes the bill as a “stinker” and describes the loss of credibility for members that support budget cuts but vote otherwise:

Making a useful tax cut permanent makes sense, but doing it without offsetting the cost — and pretending the cost doesn’t even matter — does not. Any House member who votes for this stinker will forfeit any credibility on deficits or the national debt. Because it’s vote after vote just like this one that have made the problem the lawmakers claim to care about impossible to fix.

The tax extender bill shows how the insiders – big business and Congress – fashion the system for their benefit and not ours.

My previous post,”Republican Establishment Bails Out Big Business in $85 Billion Tax Break Bill,” provides additional background on this charade.

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

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