Republicans have long claimed they are dedicated deficit hawks, blaming Democrats for growing deficits and debt. But two votes they cast after electing Kevin McCarthy as House speaker prove that Republicans are charlatans when it comes to deficit reduction.
First, House Republicans passed a new rule, called CUTGO, which could cause significant damage to our nation’s fiscal health by adding trillions of dollars in red ink to our public debt.
Then, just a few hours after passing CUTGO, they busted the deficit again by voting to gut the Internal Revenue Service budget. This vote will increase the debt by more than $100 billion over 10 years by encouraging wealthy Americans to cheat on their taxes and avoid paying their fair share. The Republicans took this step despite recent reports that the agency lacks the staff to properly audit Donald Trump and other high-income Americans.
