May 14, 2018

ICYMI: The phony debt rhetoric of tax reform opponents

Post by Freedom Partners

Freedom Partners Executive Vice President Nathan Nascimento  |  Washington Examiner

The tax cut law is proving more popular by the day, and for good reason. It’s been a boon to workers and families. So if you’re a Democratic senator who opposed tax reform, how do you justify your no vote to constituents?

Simple: You reinvent yourself as a deficit hawk.

Sen. Heidi Heitkamp, D-N.D., declared the bill would “explode” the debt …

Her words were echoed by Sen. Joe Donnelly, D-Ind., who said he voted against the tax bill because the added debt would be “paid back with interest by our children and grandchildren.”

And Sen. Claire McCaskill, D-Mo., similarly stated she could not support the bill because it “explodes our deficit.”

Yet just a few weeks after voting no on tax reform, those same senators voted “yes” on the Bipartisan Budget Agreement of 2018, a package that not only blows a huge hole in the deficit but also contains billions in special interest tax giveaways.

How can tax reform opponents defend this hypocrisy? When it comes to cutting taxes on hardworking Americans, the debt’s a huge problem; but when it comes to spending more to grow government or give niche special interest tax breaks, the debt suddenly doesn’t matter …

Anyone seriously concerned about deficits knows that tax cuts are not the problem … The real driver of the debt has been the unchecked growth in government spending.

Senators who voted against tax relief may claim to care about deficits, but their repeated votes in favor of higher spending and wasteful corporate welfare tell a different story. It’s as if deficits only matter when lawmakers try to give Americans back some of their hard-earned money.

As much as they wring their hands over exploding deficits and debt-saddled grandchildren, these newly minted deficit hawks aren’t fooling anybody.