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Tax Cuts Quiet GOP Calls for Fiscal Discipline

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“Republicans spooked world markets in their ardor to cut spending when Democrat Barack Obama occupied the White House. Now, with a GOP president pressing for politically popular tax cuts and billions more for the military, few in the GOP are complaining about the nation’s soaring debt,” ABC News reports.

“The tea partyers and other conservatives who seized control of the House in 2010 have morphed into Ronald Reagan-style supply siders while the GOP’s numerous Pentagon pals run roughshod over the few holdouts. Tax cuts in the works could add hundreds of billions of dollars to the debt while bipartisan pressure for more money for defense, infrastructure, and domestic agencies could add almost $100 billion in additional spending next year alone.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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