With Tax Cuts on the Table, Once-Mighty Deficit Hawks Hardly Chirp
The Republican Study Committee, a group of about 150 conservatives in the House,
and other deficit hawks usually malign increases to the national debt
WASHINGTON In 2001, when surging budget surpluses fueled hopes of extinguishing the national debt, a pitched battle broke out over President George W. Bushs proposed $1.6 trillion tax cut. Nevermind that the tax cuts 10-year tab was supposed to leave behind more than $3 trillion in surpluses Democrats and some Republicans said that the tax cut was just too large.
Fast forward to President Trumps Washington, where the budget deficit for this fiscal year is expected to near $700 billion and the federal debt has topped $20 trillion.
A new tax cut is emerging to rival those of the Bush years, and the deficit hawks have hardly peeped.
Its a great talking point when you have an administration thats Democrat-led, said Representative Mark Walker, Republican of North Carolina and the chairman of the Republican Study Committee, a group of about 150 conservative House members. Its a little different now that Republicans have both houses and the administration.
https://www.nytimes.com/2017/09/28/us/politics/trump-tax-cuts-deficit-republicans-congress.html?mcubz=0