Kevin McCarthy: I oppose my party's tax plan that I'm bringing up for a committee vote

Matthew Chapman
January 24, 2023



House Minority Leader Kevin McCarthy (Photo by Saul Loeb for AFP)


Under the terms of the deal that got him confirmed, House Speaker Kevin McCarthy (R-CA) agreed to advance "FairTax" — a 30-year-old proposal to entirely abolish the IRS and replace it with a 30 percent tax on all retail sales and spending.

But that doesn't mean McCarthy is on board with the proposal. In a conversation with CNN congressional reporter Manu Raju on Tuesday, asked if he supported the plan, he simply replied, "No."

"As part of the deal to win the speakership, McCarthy did agree to let the bill move through 'regular order' — in other words to let the House Ways and Means Committee vote on it and see if it has enough support to get to the floor, according to Rep. Chip Roy," reporter Raju. "The chairman of that committee, Jason Smith, told me that they plan to have a hearing on the bill to discuss the 'pros and cons.'"

Even Smith, noted Raju, "was non-committal in backing the bill or holding a committee vote on it."

READ MORE: 'A stroke of genius': Trump could be on the receiving end of the same charges used to indict gang members

FairTax has been introduced as a bill in Congress before, and even had the backing of some Republican presidential candidates, including former Gov. Mike Huckabee (R-AR) both times he ran. However, it has never been seriously debated as legislation.

Experts, including former Ronald Reagan adviser Bruce Bartlett, have broadly slammed the proposal as unworkable, regressive on the poor, and potentially disastrous for the economy and the functioning of the government. President Joe Biden has also signaled he plans to go after Republicans for proposing the idea, pointing out the extra expense it would create for families.

Watch the video below or at this link.

https://www.rawstory.com/kevin-mccarthy-fair-tax/

 

Trumps Tax Cuts Policy Paper.pdf (heartland.org)

The IRS seems to disagree that Trump's tax cuts helped the rich and not the middle class or the poor.




Now, if we can just get the fuckers to quit spending what they don't have, eh?

 

Heartland Institute





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• Overall, we rate the Heartland Institute Right Biased and Questionable based on promoting anti-science propaganda, lack of transparency with funding, and more than five failed fact checks by IFCN fact-checkers.

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https://mediabiasfactcheck.com/heartland-institute/

 

Your graph stops in 2018... Very useful.

 

@toniter put up a pretty good observation on this thread

https://forum.xnxx.com/threads/contradictory-and-conflicting-positions-of-republicans.666975/


And I might post this on his thread as well. But here again is a great example of the lie of conservatism in action where treasonous conservative/America Hating/Republicans preach one thing and practice the opposite.


"Integrity matters more"? OMJ that is just fucking hilarious coming from Kevin The Coward and his treasonous conservative/America Hating/Republicans.


'Horrid' Kevin McCarthy Called Out For Hypocritical Statement On Integrity
Ed Mazza
Wed, January 25, 2023 at 2:51 AM MST


House Speaker Kevin McCarthy (R-Calif.) is being put on blast for “hypocrisy” after he booted two Democratic lawmakers from their committee assignments.

McCarthy on Thursday kicked Reps. Adam Schiff (D-Calif.) and Eric Swalwell (D-Calif.) off the House Intelligence Committee, a move critics said was little more than payback for Democrats giving the boot to Reps. Marjorie Taylor Greene (R-Ga.) and Paul Gosar (R-Ariz.) from their committees in 2021.

“Integrity matters more,” McCarthy wrote in a letter to House Minority Leader Hakeem Jeffries (D-N.Y.) and then posted online.

Critics were quick to point out that McCarthy put Greene, a conspiracy theorist who spoke at a white nationalist event last year, on both the oversight and Homeland Security committees. He also gave two committee assignments each to Gosar and Rep. George Santos (R-N.Y.), the lawmaker facing calls to resign from within his own party after his long list of lies was revealed.

They called him out on Twitter:


Congresswoman Mary Gay Scanlon

@RepMGS
·
Follow
Speaker McCarthy is blocking @RepAdamSchiff and @RepSwalwell from the House Intelligence Committee claiming HE questions THEIR integrity. The hypocrisy would be laughable if it wasn't so sad and dishonest.
8:00 PM · Jan 24, 2023









Billy Ray

@BillyRay5229
·
Follow
Weak. Dishonest. Evil. He is a horrid Speaker, but his reign will be mercifully short. And America will survive him.







Helen Kennedy

@HelenKennedy
·
Follow
He seated Gosar, Greene and Santos, as well as others he knows full well are batshit. But just listen to his sanctimony.




Jennifer Horn

@NHJennifer
·
Follow
From the guy who put Marjorie Taylor Greene on the oversight committee. This is vindictive hypocrisy at its worst. It endangers our nation.


https://www.yahoo.com/news/horrid-kevin-mccarthy-called-hypocritical-095159934.html

 

Checked the link from both the image and the linked pdf file...

https://www.irs.gov/statistics/soi-tax-stats-individual-statistical-tables-
by-size-of-adjusted-gross-income

 

Well say there, genius, Shooter had no problem finding the source data. how about this?
SOI Tax Stats - Individual Statistical Tables by Size of Adjusted Gross Income | Internal Revenue Service (irs.gov)
And then you can click on tax year 2017 and 2018.
You can compare the total numbers for each year to the chart posted in the Heartland article.
If that proves too complicated perhaps you can get an adult to help you.

 

Senator Warren has stepped up with her contribution to blaming deplorables for the debt and the current debt ceiling controversy.

Sen. Elizabeth Warren's debt limit whopper (msn.com)

"This week, the Massachusetts Democrat tweeted, “If Republicans hadn’t spent nearly $2 trillion on the Trump tax cuts, and if they hadn’t made it easier for rich people to cheat on their taxes, the US wouldn’t need a debt ceiling increase this year. Or next year.”

This fits right in with the Democrats’ other laughable inversions, blaming the GOP for inflation, migrant chaos at the southern border, and other national ills that are manifestly the fault of President Joe Biden and his party.

The first riposte to Warren is that in passing 2017’s tax cuts, Republicans didn’t “spend” $2 trillion or any other sum but passed legislation that prevented it from being collected. This was because, as the GOP argued, lower individual and corporate tax rates would stimulate economic growth and increase revenues to the Treasury.

Republicans also perhaps clung to a self-deluding hope (defied by experience) that if the money wasn’t there, if higher taxes weren’t collected because Washington didn’t reach so deeply into everyone’s pocket, Congress might be more restrained in its spending. Neither Biden nor congressional Democrats have, of course, been remotely restrained by the idea that they shouldn’t spend money they don’t have. Republicans weren’t restrained either when they were in control."​

Well, as usual, despicables look to blame someone, hopefully a deplorable, but anyone, for problems. It's never something the despicables did, or contributed to, it's always someone else who is responsible for the problem.

So yeah, government spending has been out of control for a couple of decades, in particular starting with Obama's $9 TRILLION spending spree, but also Trump's $8 TRILLION spending spree and now Biden's runaway spending that is so fast and so furious we can't even begin to count it.
Government Spending Chart: United States 1999-2022 - Federal State Local Data (usgovernmentspending.com)

Which leads us to the debt, and the debt ceiling crisis.


So, what's it gonna be?
Higher taxes or lower spending?
Choose. Don't bitch about the other guys, or politics, or your momma.
Choose.
Higher taxes.
Lower spending.

 

We can see this going on right here on this thread. Trump and treasonous conservative/America Hating/Republicans cut taxes and were running a trillion dollar budget deficit in a time of prosperity before anyone ever even heard of COVID 19. But if you listen to treasonous conservative/America Hating/Republicans that's the fault of progressive/liberal/Democrats. Even though the reality is in almost every case the cause is treasonous conservative/America Hating/Republicans allow their rich friends to loot the economy until it collapses and then a Democrat has to come in and clean up the mess. Which is always very costly because the lie of conservatism as it is preached and practiced in this nation is the most expensive lie on earth.


Kevin McCarthy Slams Democrats Over ‘Four Years of Runaway Spending’ That Includes Half the Trump Era
By Michael LucianoFeb 6th, 2023, 8:25 pm
4103 comments




Speaker Kevin McCarthy (R-CA) gave remarks at the Capitol on Monday and blasted Democrats for racking up debt accumulated during the presidency of Donald Trump.

Since President Joe Biden took office, Republicans have rediscovered a desire for fiscal responsibility and lean federal spending. House Republicans are attempting to use their newfound majority to force the White House and Democratic-controlled Senate to agree to cut spending as a condition for raising the debt limit.


Last month, the U.S. hit that limit, which places a ceiling on the amount of debt the federal government can hold. The Department of the Treasury has undertaken “extraordinary measures” to continue meeting the country’s obligations. However, these will exhaust in early June. If Congress and the White House cannot agree on a deal, the U.S. will default for the first time in history.

McCarthy’s speech came the day before Biden is set to deliver the State of the Union address. At one point the speaker slammed Democrats for spending too much money over the last four years – a period of time dating back to Feb. 6, 2019, or just about the entire latter half of Trump’s presidency:

Thanks to four years of runaway spending by the Democrats, they increased annual discretionary spending by $400 billion. That’s a 30% increase in just four years. They took our nation’s credit card, spent like crazy, and left us in deep debt. But not once did they seek or accept any responsibility.

While it’s true that Democrats controlled the House from 2019 to 2023, the Senate was controlled by Republicans until 2021, which is also when Trump left office.

For the fiscal year 2020, the national debt ballooned by $4.5 trillion as Trump and Congress responded to the Covid-19 pandemic and delivered large amounts of economic relief to individuals in businesses. In fiscal year 2021, the debt increased by another $1.5 trillion.

When Trump left office, the national debt was at $28 trillion. Today, it’s around $31.5 trillion.

The debt ceiling fight is almost sure to be just the beginning of fiscal drama this year. Funding for the federal government will run out at the close of the fiscal year in late September. If Biden and Congress are unable to reach a deal, the government will shut down.

Watch above via C-SPAN 2.

https://www.mediaite.com/politics/k...ay-spending-that-includes-half-the-trump-era/

 

We can be sure the despicables will be highlighting Trump's debt contributions while ignoring both the Obama and now the Biden contributions.

Which, while good for their egos, does nothing to arrive at a solution about what needs to be done to stop this endless, reckless, wasteful, unnecessary spending by government of money we do not have.

But fuck that. We got another shot in on Trump and diverted the discussion from Biden.
Success.

 

Guess you missed the point that the links provided by the author of your article are bogus. If they can't be trusted to give accurate links, how can you trust that what other things they say are accurate?

But hey, what do you care?

 

I live in a state where the treasonous conservative/American Hating/Republicans have taken over. They have no income tax and are a huge haven for money laundering. And they claim to be "conservatives" which is of course just a blatant lie because all they have done for more than a decade is raise my taxes. But they do it by raising sales taxes that penalize the poor, raising gas taxes in a state famous for residents having to travel long distances, and coming up with a constant stream of other special taxes that of course tax the average residents while allowing rich people and corporations to skate free.

But I am really glad to see "conservatives" trying to take that nationally because I think most the country will be able to see just what corrupt liars the treasonous conservative/America Hating/Republicans are.



Republicans want to replace federal taxes with a flat sales tax. It'll either add trillions to the national deficit or you'll have to pay a lot more for everything.

1.9k
Juliana Kaplan
Thu, March 2, 2023 at 3:00 AM MST·4 min read



Rep. Buddy Carter, R-Ga., leaves the House Republicans caucus meeting in the Capitol on Tuesday, December 13, 2022.Bill Clark/CQ-Roll Call, Inc via Getty Images

• Some Republicans want to abolish the IRS and replace most federal taxes with a flat sales tax.
  
  
• However, a report from Brookings finds that the sales tax at the currently proposed rate would add to the deficit.
  
  
• Rep. Buddy Carter, who introduced the legislation, said the US "doesn't have a revenue problem, it has a spending problem."
  

Republicans want to slash taxes and government spending, and their big plan to do just that hinges on abolishing the IRS and replacing most federal taxes with a flat 23% national sales tax.

There's just one problem, according to a new report out of the Brookings Institute: That "FairTax" proposal, which would amount to a 30% markup on just about everything's sticker price, making the tax 23% of an item's total price including the tax, would actually add nearly $10 trillion to the deficit over the next 10 years — running counter to Republicans' insistence that the deficit should be reduced.

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William G. Gale and Kyle Pomerleau argue in their Brookings article that the FairTax's proponents don't deal with how prices would change for consumers and businesses in a consistent way; adjusting for that inconsistency would lead to a much higher tax rate needed to match current tax revenues, even under favorable assumptions like a lack of tax evasion and no changes in government spending. That adds nearly $10 trillion to the deficit over 10 years, according to Gale and Pomerleau.

In an email, Pomerleau said that the simplest way to understand the mismatch was in terms of inflation.

"If the price level suddenly increased by 10% tomorrow, everything denominated in dollars would rise in price by 10 percent (goods and services, wages, profits, etc). However, the real value of everything would remain the same. At the same time, government spending would have to rise with the 10% inflation to keep up, otherwise real spending falls," Pomerleau said.

"This is roughly the problem with the proponents' original estimates. They assumed that when the tax is levied, it is added to the price of goods and services (prices go up). But they assumed that government spending doesn't rise at the same time, which means a real reduction in spending."

Instead, if the FairTax wanted to break even, it would have to be 39% on the sticker price of goods and services in a world without tax evasion. When factoring in a 17% tax evasion and avoidance rate — the current evasion rate on income tax — the rate would have to be nearly 52% to keep revenue at the same levels. And, as the authors note, it's optimistic to assume even that low level of evasion, if there's no IRS to crack down on people getting out of paying.

In short, if FairTax wanted to maintain current levels of government revenue and spending, you'd have to pay over 50% more on things like food, electronics, and pretty much anything else you need to buy. That rate could get even higher if there were exemptions for necessities and state and local government taxes, according to Brookings, meaning it'd have to reach 85.5%.

"Our country doesn't have a revenue problem, it has a spending problem. Under President Biden, the federal government has seen record revenue and is still projected to sustain trillion dollar deficits," Rep. Buddy Carter, who introduced the legislation, said in a statement to Insider. "We need to cut the spending, put money back into Americans' pockets, and simplify our tax code so it works for - not against - hardworking taxpayers. The FAIRTax won't make the government richer, but that's the point."

It's not the first GOP tax legislation that would tack billions onto the deficit. The House GOP's proposal to roll back $80 billion in funding for the IRS would actually add a net $114 billion to the deficit, according to the nonpartisan Congressional Budget Office.

But don't expect a FairTax emerging or the IRS disappearing anytime soon. The White House has been adamantly opposed to the FairTax legislation, and President Joe Biden has said he'd veto any bills like it if they came to him.

The Biden administration also continued to express its disapproval of the plan. White House spokesperson Michael Kikukawa told Insider, "only House Republicans could come up with a policy that cuts taxes for the wealthy, increases taxes for working people, and adds $10 trillion to the debt—all at the same time. This is on top of the $3 trillion that Republicans want to add to the debt with tax giveaways to wealthy tax cheats, Big Pharma, big corporations, and other special interests. Given Congressional Republicans' claims that they care about the debt while proposing increasing it by trillions of dollars, the American people deserve to know what they plan to cut. Is it Social Security, Medicare, Medicaid and the Affordable Care Act, as they have repeatedly proposed?"

Read the original article on Business Insider



https://www.yahoo.com/news/republicans-want-replace-federal-taxes-100000783.html

 

As I have proven on this thread many times the only time we see treasonous conservative/America Hating/Republicans screaming about the deficit and debt is when a Democrat is president. But if a Republican is president its roll those presses, print that money,money does grow on trees that's where we get the paper to write our IOU's on.


Republican Votes Helped Washington Pile Up Debt

1.4k
Jim Tankersley
Mon, March 6, 2023 at 12:26 PM MST



Wile House Speaker Kevin McCarthy )R-Calif.) voted against large spending bills in recent years, he also voted for trillions of dollars in pandemic aid and backed President Donald Trump's tax cuts. (Doug Mills/The New York Times)
WASHINGTON — President Joe Biden will submit his latest budget request to Congress on Thursday, offering what his administration says will be $2 trillion in plans to reduce deficits and future growth of the national debt.

Republicans, who are demanding deep spending cuts in exchange for raising the nation’s borrowing cap, will almost certainly greet that proposal with a familiar refrain: Biden and his party are to blame for ballooning the debt.

But an analysis of House and Senate voting records, and of fiscal estimates of legislation prepared by the nonpartisan Congressional Budget Office, shows that Republicans bear at least equal blame as Democrats for the biggest drivers of federal debt growth that passed Congress over the past two presidential administrations.

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The national debt has grown to $31.4 trillion from just under $6 trillion in 2000, bumping against the statutory limit on federal borrowing. That increase, which spanned the presidential administrations of two Republicans and two Democrats, has been fueled by tax cuts, wars, economic stimulus and the growing costs of retirement and health programs. Since 2017, when Donald Trump took the White House, Republicans and Democrats in Congress have joined together to pass a series of spending increases and tax cuts that the budget office projects will add trillions to the debt.

The analysis is based on the forecasts that the CBO regularly issues for the federal budget. They include descriptions of newly passed legislation that affects spending, revenues and deficits, tallying the costs of those new laws over the course of a decade. Going back to the start of Trump’s tenure, those reports highlight 13 new laws that, by the CBO’s projections, will combine to add more than $11.5 trillion to the debt.

Nearly three-quarters of that new debt was approved in bills that gained the support of a majority of Republicans in at least one chamber of Congress. Three-fifths of it was signed into law by Trump.

Some of those bills were in response to emergencies, such as the early rounds of stimulus payments to people and businesses during the pandemic. Others were routine appropriations bills, which increased spending on the military and on domestic issues such as research and education.

Many of the votes were roundly bipartisan: More than 85% of the projected debt added over the past six years passed with a majority of Democratic votes in both chambers. Almost an identical amount of debt passed with at least one-third of Republican votes in the House or Senate. Chief among them were a series of COVID-19 relief measures totaling more than $3 trillion and passing with landslide majorities in 2020.

Some of the laws passed entirely along party lines. In those cases, on net, Republicans added slightly more to the debt than Democrats.

That’s because of the sweeping corporate and individual tax cuts that Trump signed into law at the end of 2017, which cost $2 trillion. Despite Republican claims that the tax cuts paid for themselves, the CBO estimated last month that Trump’s corporate tax cuts alone would cost the federal government hundreds of billions of dollars in revenue in the years to come. Earlier CBO analyses suggest the full slate of tax cuts have already cost the government $1.2 trillion through the 2022 fiscal year.

The tax cuts’ price tag outweighed the net cost of the two most fiscally consequential bills that Biden and Democrats passed along party lines: a $1.9 trillion economic aid bill in 2021 and a climate, health and tax bill approved late last summer, which is projected to reduce future deficits by nearly $300 billion.

House Speaker Kevin McCarthy of California and many other prominent Republicans who are now leading the resistance to raising the borrowing limit did vote against large spending bills that other Republicans backed under Trump and Biden. But they also voted for trillions of dollars in pandemic aid under Trump and roundly backed his tax cuts.

House Republicans have pushed to extend the 2017 tax cuts, which would add trillions to the debt. They also support rolling back tax increases and enhanced tax enforcement measures approved by Biden, which would have the effect of adding hundreds of billions of dollars to deficits if they were to succeed.

Top congressional Republicans rarely acknowledge the role that their party has played in adding to deficits and debt in recent years, instead laying the blame on Biden and Democrats.

“Biden’s numerous bailouts and massive government expansion disguised as COVID relief has blown out spending and exacerbated our debt disaster,” Rep. Jodey Arrington of Texas, chair of the House Budget Committee, said last month.

Beyond Congress, Republican candidates have long tweaked their party for not taking a harder line on spending and debt.

“The last two Republican presidents added more than $10 trillion to the national debt,” Nikki Haley, the former South Carolina governor and U.N. ambassador who is now running for president, told the conservative Club for Growth on Saturday, as reported by Politico. “Think about that. A third of our debt happened under just two Republicans.”

Biden administration officials blame Trump and former President George W. Bush for running up debt, particularly with tax cuts. They claim credit for a decline in the budget deficit under Biden, even though that mostly occurred because the federal government stopped passing emergency aid bills as the pandemic eased its grip on the economy.

“I’m not going to sit and be lectured by MAGA Republicans in Congress about fiscal responsibility,” Biden wrote on Twitter on Sunday.

The budget office’s math is unsparing: It shows both parties acting, often together, to increase deficits and debt in recent years.

Biden has signed laws that are set to add just under $5 trillion to the debt over the next decade, by the CBO’s estimation. The actual amount could be far less because of a quirk in how the CBO accounts for two bills: the infrastructure bill that Biden signed in 2021 and legislation enacted last year to expand health care for military veterans exposed to toxic burn pits. That quirk, which requires the budget office to assume certain spending will continue indefinitely even though Congress has not authorized it to do so, could be inflating the cost of the bills by nearly $1.3 trillion.

The estimate of the burn pits legislation could be counting nearly $400 billion in spending twice. The bill essentially shifts a large amount of spending on veterans from a budget category called discretionary spending to one called mandatory spending. The budget office recognizes the new mandatory spending but assumes Congress will not cut discretionary veterans’ spending commensurately. Similarly, the infrastructure law calls for spending on projects such as roads and broadband to increase in the near term and then taper off. The CBO estimates that tapering will never actually happen, and that spending will keep rising at the rate of inflation in later years.

But Biden has added to the debt not just by signing laws. He has also taken unilateral action that independent experts say could cost the federal government hundreds of billions of dollars. That includes the president’s plan to forgive student loan debts for a wide swath of borrowers who earn less than $125,000 a year. The plan, which is on hold as it faces a challenge before the Supreme Court, would add $400 billion to deficits over the next 30 years if carried out, according to budget office estimates.

Trump, by comparison, signed laws adding nearly $7 trillion to the debt in his four-year term, by the budget office’s estimation. That number does not include the cost of making permanent the individual tax cuts passed in 2017 that are set to expire after 2025; the CBO assumes those cuts will expire as scheduled.

McCarthy has acknowledged the degree of debt that Trump signed into law with the help of Republicans and Democrats in Congress. But he has blamed Biden for continued spending after the president entered the White House and has made clear that House Republicans will demand steep cuts in exchange for raising the debt limit.

Asked by Margaret Brennan of CBS News in January about the amount of debt incurred under Trump, McCarthy replied, “You had a pandemic. And, as that pandemic comes down, those programs leave. I have watched the president say he cut it. No, it is spending $500 billion more than what was projected. They have spent more. And we’ve got to stop the waste.”


https://www.yahoo.com/news/republican-votes-helped-washington-pile-192611490.html

 

What stumbler has proven on this thread many times is that he is dead wrong.

The debt belongs to the corrupt robbers in Washington. Of both parties. But that doesn't fit stumblers need to demonize.

Watch. Bet stumbler runs down to the archives and copy N pastes a page of old posts that highlight obamas debt. Cause, Obama.

Its how he rolls.

 

Don't make me laugh. The proof is all right here. If a Democrat is president you only blame the president just like with President Obama and President Biden. But if its Trump you give him a free pass and blame the Democrats in Congress. But never the Republicans and their tax cuts.


https://forum.xnxx.com/threads/the-...ootersa-jdbfromnj.477776/page-17#post-9744694

 

Um, no. You know Shooter has criticized every president since Obama for the debt.

And while we're at it we could point out the despicable hypocrisy when Obama DOUBLED the debt and they blamed Bush, for 8 years, and even today do not even pretend to hold Biden accountable.

 

Oh really???? Then if what you are saying is true then you can show us where you criticize Trump because I can sure show where you criticized President Obama.

https://forum.xnxx.com/threads/the-...ootersa-jdbfromnj.477776/page-17#post-9744694

So go ahead show us where you attacked other presidents like that.