Bernie Sanders calls for repeal of GOP tax law
by Al Weaver - April 09, 2018 04:23 PM
Excerpt:
Sen. Bernie Sanders, I-Vt., called Monday for the Republican tax law to be repealed after the Congressional Budget Office projected that the deficit will hit $1 trillion in 2020.
The CBO projected that the budget deficit will rise to $804 billion for 2018 before hitting the $1 trillion mark in 2020 — two years earlier than anticipated. The national debt is also expected to hit $33 trillion in ten years after it hit the $21 trillion mark last month. Democrats are laying blame at the acceleration of the deficit and debt with the tax law that was passed in December.
"Over and over again, President Trump and his administration falsely claimed that their $1.5 trillion tax cut bill would pay for itself," Sanders said in a statement. "Today’s Congressional Budget Office report puts that myth to rest."
"According to CBO, President Trump’s massive tax break for the wealthy and large corporations is the primary reason that the federal deficit and national debt will explode over the next decade," Sanders said. "Republicans are already using the huge increase in the debt that they caused as an excuse to make major cuts to Social Security, Medicare, and Medicaid. That is unacceptable."
https://www.washingtonexaminer.com/news/congress/bernie-sanders-calls-for-repeal-of-gop-tax-law
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