First House GOP Bill Would Hike Deficit by $114 Billion

[applegrove]

First House GOP Bill Would Hike Deficit by $114 Billion

January 9, 2023 at 5:02 pm EST By Taegan Goddard 5 Comments

https://politicalwire.com/2023/01/09/first-house-gop-bill-would-hike-deficit-by-114-billion/

"SNIP.......

“After voting on the adoption of a rules package Monday night, the House plans to vote on a bill from Rep. Adrian Smith (R-NE) that would yank back about $80 billion in IRS funding, which Democrats included in their party-line tax, climate and health bill last year,” Politico reports.

“But the Congressional Budget Office has put a big pricetag on this first legislative priority.”

“The CBO estimates that the bill to roll back IRS funding will increase the deficit by more than $114 billion over a decade, reducing spending by more than $71 billion and decreasing revenues by nearly $186 billion.”

.......SNIP"

[Lovie777]

1. Protecting the rich ...

[applegrove]

2. Making the case for cuts to SS and Medicare when the deficit explodes.

[TheRealNorth]

3. Boomers and older Gen X'rs will still get theirs...

And millennials and younger will be told there is no SS and medicare left for them

[Elessar Zappa]

4. None of their bills can get past the Senate, much less Biden's veto pen.

This is performative bullshit.

[LetMyPeopleVote]

5. These additional IRS agents will make the govt money by auditing rich tax cheats like TFG

[MissMillie]

6. the irony is just too much

They want to repeal spending that actually pays for itself.

They'll make grandma and grandpa go without Social Security and Medicare to get this done.

[TheRealNorth]

7. They will never cut SS for the "over 65" crowd.

They might lose FL if they do that. But they have no problem cutting the benefits of the younger folks. In fact, that works very well for them because it does nothing in the immediate term for the budget, so they can continue to rail about deficits and the debt to continue cutting more things they don't like.

But luckily, we are safe for 2 years with Biden in charge.

[MissMillie]

8. That's a good point (n/t)

.

[maxsolomon]

9. Well, it won't

because it's DOA.