{"id":2495,"date":"2018-04-12T17:35:00","date_gmt":"2018-04-12T17:35:00","guid":{"rendered":"http:\/\/democrats.org\/blog\/2018\/04\/12\/republicans-hypocritical-balanced-budget-amendment\/"},"modified":"2018-04-12T17:35:00","modified_gmt":"2018-04-12T17:35:00","slug":"republicans-hypocritical-balanced-budget-amendment","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/republicans-hypocritical-balanced-budget-amendment\/","title":{"rendered":"Republicans\u2019 \u2018Hypocritical\u2019 Balanced Budget Amendment"},"content":{"rendered":"

Today, Republicans are considering a balanced budget amendment, which is nothing more than a political ploy and a hypocritical move after Republicans passed a tax bill for the rich and big corporations that the CBO says will add $1.8 trillion to the deficit over the next decade.<\/p>\n

 <\/p>\n

Republicans promised their tax cut for the rich and big corporations would pay for itself, but instead, the Trump tax will add $1.8 trillion to the deficit over the next decade. <\/strong><\/p>\n

 <\/p>\n

Associated Press<\/a>: “The administration had promised the cuts would pay for themselves. Instead, Monday’s report estimates that the GOP tax bill, which is Republican-controlled Washington’s signature accomplishment under Trump, will add $1.8 trillion to the deficit over the coming decade<\/strong>, even after its positive effects on the economy are factored in.”<\/p>\n

 <\/p>\n

In total, under Republicans’ leadership, the budget deficit will top $1 trillion in 2020 and the national debt would soar to more than $33 trillion in 2028. <\/strong><\/p>\n

 <\/p>\n

New York Times<\/a>: “The federal government’s annual budget deficit is set to widen significantly in the next few years, topping $1 trillion in 2020<\/strong> despite healthy economic growth, according to new projections from the nonpartisan Congressional Budget Office. The national debt, which has topped $21 trillion, is expected to soar to more than $33 trillion in 2028.”<\/strong><\/p>\n

 <\/p>\n

Now, after sending the deficit skyrocketing, Republicans are planning to hypocritically hold a symbolic vote on a balanced budget amendment.<\/strong><\/p>\n

 <\/p>\n

CNBC<\/a>: “After busting the deficit, the GOP's gestures toward fiscal responsibility ring hollow<\/strong>”<\/p>\n

 <\/p>\n

Los Angeles Times Editorial<\/a>: “Is the GOP's balanced budget amendment cynical, hypocritical or both?<\/strong>”<\/p>\n

 <\/p>\n

Reuters<\/a>: “The Republican-controlled U.S. House of Representatives is expected to vote as early as Thursday on a ‘balanced budget amendment’ that would prohibit federal spending from exceeding federal revenues, but it is seen as a largely symbolic gesture<\/strong>.”<\/p>\n

 <\/p>\n

This is nothing more than a political ploy to try and cover up for Republicans’ failed leadership.<\/strong><\/p>\n

 <\/p>\n

The Hill<\/a>: “Neither idea is likely to go very far in Congress, however, which has some skeptics calling the moves nothing more than a gimmick designed to boost the party’s fiscal bona fides ahead of the midterm elections<\/strong>.”<\/p>\n

 <\/p>\n

USA Today<\/a>: “House members are all up for re-election in November. Some Republicans said the best way to win is to hold votes on GOP campaign promises, even if those measures have little chance of becoming law<\/strong>.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Today, Republicans are considering a balanced budget amendment, which is nothing more than a political ploy and a hypocritical move after Republicans passed a tax bill for the rich and big corporations that the CBO says will add $1.8 trillion to the deficit over the next decade.   Republicans promised their tax cut for the <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2495","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nRepublicans\u2019 \u2018Hypocritical\u2019 Balanced Budget Amendment - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/republicans-hypocritical-balanced-budget-amendment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-12T17:35:00+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/republicans-hypocritical-balanced-budget-amendment\/\",\"url\":\"https:\/\/democrats.org\/news\/republicans-hypocritical-balanced-budget-amendment\/\",\"name\":\"Republicans\u2019 \u2018Hypocritical\u2019 Balanced Budget Amendment - 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