“House Speaker Paul Ryan has spent much of his political career warning against the pitfalls of deficit spending and government debt,” Bloomberg reports.
“But that argument has been bent in service to another long-held priority, one that has political urgency for Republicans trying to hang on to their congressional majorities: tax cuts.”
“The tax overhaul legislation that Ryan shepherded through the House — the Senate takes up its version this week — would add at least $1 trillion to budget deficits over the next decade, even when accounting for economic growth, according to independent tax analysts. Ryan’s willingness to look past that, and his ability to successfully persuade his members that these analyses are flawed, shows how important the tax measure has become to Republicans.”
Charlie Sykes: Whatever happened to the party of fiscal responsibility?
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