House Republicans Are Dicks
House Passes 3 Tax Cuts, Plans a 4th
Cost Would Outstrip Recent Action on Deficit
By Jonathan Weisman
Washington Post Staff Writer
Thursday, December 8, 2005; Page A01
The House passed three separate tax cuts yesterday and plans to approve a fourth today, trimming the federal revenue by $94.5 billion over five years -- nearly double the budget savings that Republicans muscled through the House last month.
GOP leaders portray the tax bills -- for the hurricane-ravaged Gulf Coast, affluent investors, U.S. troops serving in Iraq and taxpayers who otherwise would be hit by the alternative minimum tax -- as vital to keeping the economy rolling.
"Our economic policies have done the trick," said Rep. Deborah Pryce (R-Ohio). "We are in the middle of one of the strongest economies this country has ever seen."
But some budget analysts say the flourish of tax cutting badly undermines the recent shows of fiscal discipline. Last month's budget-cutting bill would save $50 billion over five years by imposing new fees on Medicaid recipients, trimming the food stamp rolls, squeezing student lenders and cutting federal child support enforcement.
"I don't think it makes any sense to go through all the difficulty they just went through with the budget-cutting bill, then give it all back in tax cuts," said Robert L. Bixby, executive director of the Concord Coalition, a nonpartisan budget watchdog group. "If they want to cut taxes, fine, but they are going to have to cut spending by at least that much to help the deficit, and clearly they are not willing to do that. They have to start looking reality in the face."
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