Drudge Retort: The Other Side of the News
Wednesday, June 12, 2019

Rep. Kevin Brady (R-Tex.), a lead architect of the GOP tax bill, suggested Tuesday the tax cuts may not fully pay for themselves, contradicting a promise Republicans made repeatedly while pushing the law in late 2017.

Advertisement

More

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

"We will know in year 8, 9 or 10 what revenues it brought in to the government over time."

We will know after the collapse of our economy just like we did after Bush did the exact same thing. These people who place greed before patriotism should be driven out of public life. This liar helped pass the Bush tax cuts too. How many times can you destroy the economy and still get reelected in Texas? And, why does anyone think his comments have any value whatsoever?

#1 | Posted by danni at 2019-06-12 08:52 AM | Reply

"We will know in year 8, 9 or 10 what revenues it brought in to the government over time."

Translation: By the time people figure this out, I'll be long gone.

#2 | Posted by Danforth at 2019-06-12 09:15 AM | Reply | Newsworthy 2


... contradicting a promise Republicans made ...

Did anyone, besides Republicans, even believe that promise? And even the Republicans, how many times are they going to fall for those same "tax cuts will pay for themselves" promises that never are fulfilled.

#3 | Posted by LampLighter at 2019-06-12 11:09 AM | Reply

"Did anyone, besides Republicans, even believe that promise?"

You can excise the phrase "besides Republicans".

They're aware, they're just lying through their teeth. I mean...it's not like they use Republican Math™ in private....

#4 | Posted by Danforth at 2019-06-12 11:19 AM | Reply | Newsworthy 1

Republicans don't even believe it. They are just shirking their commitment to society and leeching off America.

#5 | Posted by BruceBanner at 2019-06-12 12:05 PM | Reply

"We will know in my first or second year of retirement what revenues it brought in to the government over time."

#6 | Posted by Derek_Wildstar at 2019-06-12 12:18 PM | Reply

Don't worry, Conservatives will still believe the tax cuts pay for themselves or simply not care.

And they still feel the same way when the next tax cuts are pitched.

All while the debt continues to sky rocket due to Republicans.

#7 | Posted by Sycophant at 2019-06-12 12:27 PM | Reply

Obama promised healthcare costs would go down, that never happened. W said Mission Accomplished, the mission wasn't accomplished. Clinton said he never had sexual relations with that woman. He did.

Politicians fabricating the truth is not news. Maybe 100 years ago it was, don't know. But for the past 40 years at least, it's nothing new. Now, show me an article where something was done about it to stop the wheel, then we have some real news.

#8 | Posted by humtake at 2019-06-12 12:41 PM | Reply

"Republicans don't even believe it.
#5 | POSTED BY BRUCEBANNER"

Republican politicians don't, but tons of Republican voters actually do. I'm serious - they are that ------- stupid. (This site proves it on a daily basis.)

#9 | Posted by montecore at 2019-06-12 12:46 PM | Reply | Newsworthy 1


@#8 ... Politicians fabricating the truth is not news. ...

The occasional fabrication is to be expected from politicians, as you note.

However, the near continual fabrication that we have been seeing recently is an aberration.


#10 | Posted by LampLighter at 2019-06-12 01:15 PM | Reply

Advertisement

Advertisement

Politicians fabricating the truth is not news. Maybe 100 years ago it was, don't know. But for the past 40 years at least, it's nothing new. Now, show me an article where something was done about it to stop the wheel, then we have some real news.

#8 | Posted by humtake

Politicians fabricating lies to give tax cuts to the rich is not ethically equivalent to politicians fabricating lies to give health care to the poor...unless you're a sociopath.

#11 | Posted by SpeakSoftly at 2019-06-12 02:36 PM | Reply | Newsworthy 2

where are all the "economic majors" at? You know, extoling the virtues of the Laffer Curve that never works

#12 | Posted by ChiefTutMoses at 2019-06-12 02:41 PM | Reply

I was told there would be winning

#13 | Posted by AMERICANUNITY at 2019-06-12 03:01 PM | Reply

#8 | POSTED BY HUMTAKE AT 2019-06-12 12:41 PM | FLAG: IS ACTUALLY DEFENDING BEING LIED TO

And...

The CBO report said the ACA reduced the budget deficit by $143 billion between 2010 and 2019. Skeptics said a $940 billion program that expanded services could not also save money.

But most of Obamacare's savings comes from making sure 95 percent of U.S. citizens had health insurance. It reduced health care costs by making preventive health care affordable for the 33 million who had no coverage.

Another $136 billion was saved by reducing Medicare Advantage overpayments.

Drug companies would be charged higher fees to help cover the "doughnut hole" in Medicare Prescription Drug Part D benefits. Medicare only covered the first $2,840 in prescription drug costs. The extra drug company fees were projected to add $84.8 billion in revenue over 10 years.

The Balance

#14 | Posted by Derek_Wildstar at 2019-06-12 03:18 PM | Reply

todays "conservative" is corrupt to the core

#15 | Posted by ChiefTutMoses at 2019-06-12 04:09 PM | Reply

#12 | Posted by ChiefTutMoses

It is POSSIBLE that Laffer was correct but I don't think we have ever witnessed it. Remember in the past century the highest tax rate on the top bracket in this country was 94% in 1944-1945. Also keep in mind that it remained above 70% through the 60s into the 70s. Dropping it did not increase revenue. That top rate was applied to people making well over a million dollars a year in income through out that period.

Not to mention the Reagan era tax cuts not only dropped the rates it eliminated the highest level that applied to the .1%er incomes. So you didn't have to make over a well over million dollars a year in current dollars until you hit the top bracket but a mere 67k. All those Reagan era cuts were why the Omnibus Budget Reconciliation Act of 1990 and 1993 passed and jacked taxes back up - primarily on the wealthy. We learned nothing.

These taxes were put in place for good reason. If you are making a million dollars a year and on everything over that paying a 70% tax - just being honest it isn't "hurting" you. This is what kept things like CEO Salaries, runaway corporate profits and even actor and athlete salaries at least partially in check as well.

Anyone ever notice we didn't pay for our ongoing war on terror by jacking up taxes (particularly on the ultra rich) like we always did in the past?

#16 | Posted by GalaxiePete at 2019-06-12 05:20 PM | Reply

The projections are not understood to this day as anything less than gounging consumers more and more. Less regulations lead to exploitation thus even a proprietary formula for fracking is permitted throughout the water table. Monetization, and more of it, is the entirety of the Republican economic policy. Look at every single POS installed by Trump.

They took my glasses for their #*%# "tax cut".

#17 | Posted by redlightrobot at 2019-06-13 04:06 PM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2019 World Readable

Drudge Retort