Tumblr Icon RSS Icon

Adults Don’t Cut Taxes On The Rich In Their Deficit Reduction Plans

Posted on  

"Adults Don’t Cut Taxes On The Rich In Their Deficit Reduction Plans"

Share:

google plus icon

Diane Lim Rogers unloads the kind of rhetoric that makes normal people hate deficit hawks:

So let’s hope that after Ryan releases his budget today that we’ll hear some criticism of the constructive variety, because we really don’t have time to waste on any more of that destructive bickering we’ve been doing so far. Let’s hope that a real (and adult) conversation will begin.

Look. If congress does not enact new deficit-increasing legislation, then the medium-term deficit picture is fine. Paul Ryan’s draconian cuts to Medicare, though draconian, also aren’t even supposed to take effect until outside the ten year budget window. In the medium-term the deficit is all about the conventional wisdom that congress will enact new deficit-increasing legislation. There are many villains in this, but the main culprit is the determination of many members of congress, Ryan included, to keep extending tax cuts that are scheduled to expire. What needs to happen to get the medium-term deficit under control is not enact these tax cuts. But the whole essence of Ryan’s plans is to make tax cuts for the rich affordable. That’s fine. Ryan is a member of the modern American conservative movement, a movement that’s fanatically focused on lowering taxes for the rich and completely uninterested in the budget deficit. If you want to have an adult conversation about the cataclysmic impact of this tax cut agenda on public services, then the Ryan Ripoff is an excellent place to start. But if you want to have an adult conversation about the deficit, you start by not digging.

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.