Conservatives Against the Tax Cut Deal - The American Spectator | USA News and Politics
Conservatives Against the Tax Cut Deal
by

There is growing conservative opposition to the tax cut deal, to the point that some are speculating the Tea Party will punish Republicans who vote yes. Of the Republican senators who voted against the deal, only George Voinovich has a history of voting against tax cuts. The rest were conservatives like Tom Coburn and Jim DeMint.

The trouble is the deficit spending that has been included to win Democratic votes: an unfunded unemployment extension, an ethanol boondoggle, and other government goodies. In return, President Obama and the ever-malleable former President Bill Clinton swallowed their bogus opposition to foregone revenues from the tax cuts. But here is the problem: if something isn’t done by the end of the year, tax rates will rise across the board. This will be difficult to fix retroactively and any solution after that will wreak havoc on withholding tables.

The Bush tax cuts were tarnished from the beginning because they were unaccompanied by spending restraint, cluttered with Keynesian rather than supply-side provisions, and a temporary rather than permanent. These problems largely remain. Congress is likely to extend the tax cuts for now. Will the new House majority try to fix these problems later?

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link: https://spectatorworld.com/.

Be a Free Market Loving Patriot. Subscribe Today!

Stop the Inflation Grinch From Stealing Christmas!

That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign. 

Gas: 40%+
Beef: 20%+
Used Cars: 20%+
Lodging: 17%
Eggs: 13%

What hasn’t increased? The cost to subscribe to The American Spectator! For a limited time, we are offering our popular yearly subscription for only $49.99. Lock in the lowest price of the year by subscribing today

The Grinch Stole Christmas Sale
Commander-in-chief of Christmas inflation