Statement of Sharon Parrott, CBPP President, on House Budget Committee Chair Arrington’s budget resolution released today:It’s tempting to ignore a budget resolution released just days before the start of the fiscal year that it’s meant to guide, and amid the chaotic debate around a short-term exten...
, CBPP President, on House Budget Committee Chair Arrington’s budget resolution released today:
Chair Arrington made clear in his remarks the intent to extend the expiring tax cuts from the 2017 tax law, which included large tax cuts for the wealthy. In addition, the budget resolution itself would pave the way for unlimited, unpaid-for tax cuts that could go well beyond those extensions. The extensions alone would give annual tax breaks averaging $41,000 to tax filers in the top 1 percent and cost more than $350 billion a year, the Congressional Budget Office estimates.
The budget would also make deep cuts in the part of the budget that is funded annually through appropriations bills. Disingenuously, the budget resolution shows that these cuts total more than $4 trillion over ten years—but hides the program areas that would be cut, labeling them “government-wide savings.
A budget plan should focus on the nation’s needs and lay out an agenda that broadens opportunity, invests in people and families, reduces the too-high levels of hardship and financial stress faced by households across the country, and raises revenues for those investments. But the Arrington budget blueprint would shortchange much-needed investments and lock in wasteful tax cuts to the already wealthy for the next decade.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Senior House GOP Lawmaker: Not Enough Votes in House Republican Conference for Ukraine AidA senior House Republican lawmaker told Politico on Monday that there are not enough Republican votes to send Ukraine more aid.
Consulte Mais informação »
US shutdown looms: Top House Republican Kevin McCarthy faces crucial testU.S. House Speaker Kevin McCarthy is facing the biggest challenge of his eight months as the top Republican in the U.S. Congress, as he tries to muster his fractured caucus to avoid a government shutdown in less than two weeks without losing his speakership.
Consulte Mais informação »
House Republican Lauren Boebert apologizes after public groping incident at Denver performance of ‘Beetlejuice’Congresswoman’s denial of vaping inside theater belied by high-quality surveillance video footage.
Consulte Mais informação »
Republican Derrick Anderson to run for Democratic-controlled Virginia US House seatA U.S. Army combat veteran is getting into the race to represent Virginia’s battleground 7th Congressional District, a seat that could be key to determining party control of the U.S.
Consulte Mais informação »
Republican Derrick Anderson to run for Democratic-controlled Virginia US House seatA U.S. Army combat veteran is getting into the race to represent Virginia’s battleground 7th Congressional District, a seat that could be key to determining party control of the U.S. House next year
Consulte Mais informação »