Sunday, March 24, 2019

A tax and sequester Republican



But Senate Budget Committee Chairman Mike Enzi (R-Wy.) had his own ideas [on the budget].
On Friday, he released a budget proposal that seemed to rebuke Trump’s decision to stash $96 billion in new defense spending in the off-book Overseas Contingency Operation (OCO) fund. Instead of adding to OCO, as Trump suggested, Enzi drew down the funds in the account, and phased them out altogether after two years.
But that was just the start.
Enzi’s budget formally called for slashing a combined $126 billion from current spending levels, both in defense and non-defense.
“Strengthening America’s future for our children and grandchildren begins by putting our nation on a more sustainable fiscal path and reducing our nation’s deficit spending, which is approaching $1 trillion per year,” Enzi said.
The move earned the praise of defcit hawks, who have lamented a steady increase in spending, even as the GOP tax law eats into revenues.
“Under this plan, deficits stay under $1 trillion, peaking in 2022 at $939 billion and returning back to their historical average as a share of the economy by 2024. Under current policies, trillion-dollar deficits return as soon as next year,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget.
Cut both defense and non-defense.  The add a progressive tax income, then cut payroll taxes, then a bit of default.

Dems will be confused in mourning the Mueller report, and their AOC Melters are getting nervous feet. I dunno how Nancy will get control of that crowd.

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