Taming the Deficit Should Come Before Cutting Taxes ; the President and His Fellow Republicans in the House Would Burden America's Children.

Summary

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The record federal deficits that threaten America's well-being will not be tamed if Congress is allowed to continue handing out tax cuts without making cuts in the budget to offset them.

Unfortunately, President Bush and Republicans on the House Budget Committee don't want to confront this reality. Instead, they hide behind the fantasy that cutting taxes can so stimulate the economy that the resulting revenues will make up for the loss to the treasury. This is not sound economics, but rather a rationalization for a political doctrine.

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Taming the Deficit Should Come Before Cutting Taxes ; the President and His Fellow Republicans in the House Would Burden America's Children.

Earlier this week, the Budget Committee approved a resolutio...

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