U.S. Budget Negotiations

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The GOP has an Orwellian solution to pay for Trump’s tax cuts​

Extending them will cost trillions of dollars? No problem.


“… Republicans like to pretend they’re fiscal conservatives (at least some of the time). They would prefer not to acknowledge the hefty price tag, and they also don’t want to fully offset it with unpopular spending cuts.

So, they’ve devised a cheat. Rather than admitting how much their tax agenda would cost, they are simply asserting that they get their first $4 trillion — free!

Here’s how: Republicans say that because some (expiring) tax cuts have been in place since 2017, extending them shouldn’t be recorded as costing anything, because they wouldn’t feel different. This is … not how budgets work. As I’ve explained before, it’s like saying even though your car lease has ended, leasing another car should count as “free” because you got used to the convenience of having a vehicle around.

[Normally, the CBO and parliamentarian have a say in the validity of such claims. But the Senate GOP changed that. ]

…
Republicans have been trying to persuade the Senate parliamentarian to adopt their preferred math. So far, the parliamentarian has delayed making a ruling. But on Wednesday, Senate Budget Committee Chairman Lindsey Graham (R-South Carolina) announced the parliamentarian won’t ever need to decide. He plans to do what the party wants either way.

“I have the authority to determine baseline numbers for spending and revenue,” Graham said in a statement. Under that authority, he said, he can use the special book-cooking math — a “current policy baseline” — that grants his party $4 trillion in freebies.…”
 
nycfan said:
Between Trump’s tariff shenanigans, erroneous and/or misleading DOGE cost-saving claims and the Senate GOP’s magical accounting, MAGA, DOGE and the entire GOP are at war with math.

julia louis-dreyfus GIF by Veep HBO
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Math has been taking advantage of us for decades. It's time to fight back.
 
www.semafor.com

Trump told Republican senators he’s open to raising taxes on highest earners

The president’s private comments weren’t seen as full-throated support, but they could change the course of his party’s debate.
www.semafor.com www.semafor.com

President Donald Trump told Republican senators in private last week that he’s open to raising tax rates on some of the highest-earning Americans, according to three people familiar with the meeting.



Trump’s comments came during a sitdown about his agenda with Senate Budget Committee Republicans and Majority Leader John Thune. After Sen. Lindsey Graham, R-S.C., asked Trump how he’d view a proposal to let taxes increase on the highest earners, the president replied that he’d be fine with that idea, the three people told Semafor.
 
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$1 Trillion is a lot less than they want to cut and he separately said he wants a $1 Trillion military budget.
 


“…This week, as part of the process to develop a budget for fiscal-year 2026, the Trump White House shared the draft version of its budget request for NASA with the space agency.

This initial version of the administration's budget request calls for an approximately 20 percent overall cut to the agency's budget across the board, effectively $5 billion from an overall topline of about $25 billion. However, the majority of the cuts are concentrated within the agency's Science Mission Directorate, which oversees all planetary science, Earth science, astrophysics research, and more.

… Although the budget would continue support for ongoing missions such as the Hubble Space Telescope and the James Webb Space Telescope, it would kill the much-anticipated Nancy Grace Roman Space Telescope, an observatory seen as on par with those two world-class instruments that is already fully assembled and on budget for a launch in two years.

…Other significant cuts include ending funding for Mars Sample Return as well as the DAVINCI mission to Venus. The budget cuts also appear intended to force the closure of Goddard Space Flight Center in Maryland, where the agency has 10,000 civil servants and contractors. …”
 
nycfan said:
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So there are 12 GQPers in the House who have had a come to Jesus moment and suddenly do not want to punish the vulnerable ?

Have we reached a point where dogs and cats are living together ?

www.rawstory.com

'Cannot and will not support': 12 Republicans just dealt a blow to Johnson’s budget bill

President Donald Trump is hoping that Republicans in Congress will pass a "big, beautiful bill' sooner rather than later and get it onto his desk for signature.But within House Speaker Mike Johnson's (R-Louisiana) caucus, there are some major differences over what should or shouldn't go into the...
www.rawstory.com www.rawstory.com
 
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