Drudge Retort: The Other Side of the News
Thursday, November 30, 2017

Senate Republicans started the clock for a final vote on their tax plan Wednesday evening, but among the unresolved demands from GOP waverers is a provision to prevent the bill from adding up to $1.5 trillion to the federal deficit over 10 years. No serious analysis has suggested the growth from slashing taxes for corporations and other businesses would make up that shortfall, and Republicans haven't offered any evidence. At a Politico Playbook forum on Wednesday, Sen. Marco Rubio (R-Fla.) said that cutting taxes needs to be followed by cutting spending on popular federal programs.

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"I analyze this very differently than most," Rubio said. "Many argue that you can't cut taxes because it will drive up the deficit. But we have to do two things. We have to generate economic growth which generates revenue, while reducing spending. That will mean instituting structural changes to Social Security and Medicare for the future." He suggested reducing benefits and raising the retirement age for future retirees, so people can prepare for the changes. "Tax reform is the economic component of this equation," Rubio said. "When more people are working, there are more taxpayers and more revenue, but that alone won't be enough. You are still going to have a debt problem in the absence of spending cuts."

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So since Reagan the GOP model has been:

1. Increase social security base and rate to get the middle class to overpay into the system.
2. Cut taxes to the point where the US runs a structural deficit.
3. Increase spending on "defense" further worsening the structural deficit.
4. Borrow the money from social security.
5. Cut taxes again for the 1%.
6. Cut social security benefits.

#1 | Posted by 726 at 2017-11-30 01:30 PM | Reply | Newsworthy 2

---- Rubio. This isn't tax reform and he knows it.

#2 | Posted by jpw at 2017-11-30 01:33 PM | Reply | Newsworthy 2

"I analyze this very differently than most," Rubio said. "Many argue that you can't cut taxes because it will drive up the deficit. But we have to do two things. We have to generate economic growth which generates revenue, while reducing spending. That will mean instituting structural changes to Social Security and Medicare for the future." He suggested reducing benefits and raising the retirement age for future retirees, so people can prepare for the changes."

Oh gee, this creep suggesting this. Why no mention of cutting Senator's pensions and benefits? Scum. Ashamed to live in Florida.

#3 | Posted by danni at 2017-11-30 02:20 PM | Reply

Rubio is such a loser. How about we for once raise taxes by simply closing loop holes of corporations and the wealthy. I for one believe that will actually boost the economy. Why? Instead of hording it by those who will never spend it, the money will be put to use and build the economy. Tighten the laws on US corporations and foreign profits while you are at it.

Tax cuts simply don't pay for themselves. Here is a great article by one of the men behind the 80's Reagan tax cut that everyone remembers. What they don't remember is taxes steadily increased after it or that Clinton raised taxes and had the most robust economy in ages. Washington Post

#4 | Posted by GalaxiePete at 2017-12-01 08:23 PM | Reply

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