Obama had it right. Republicans never miss the opportunity to use a crisis to give their billionaire donors a tax cut.
Democrats shouldn’t fall for the shell game this time around. And there’s a simple way to make sure billionaires pay their fair share. In January 2019, when the current Congress took over, the House Democrats put Pay-As-You-Go rules in place.
The Paygo rule House Democrats reinstated on Thursday mirrors the provision the party put in place in 2007, when they took back the House during the George W. Bush administration. The rule requires any legislation that impacts the federal government’s spending to be offset with tax increases or spending cuts elsewhere.
Republicans changed the rule in 2010 when they took back the House under the Barack Obama administration, essentially making Paygo only apply to spending and allowing tax cuts to go unpaid for. — www.courthousenews.com/...
If the market turmoil continues, Donald Trump knows his re-election dreams will fade away. His biggest argument for re-election is the “beautiful stock market”. Donald Trump is desperate for a large stimulus to prop up his friends in the fossil fuel industry, and a small sop to working people. Democrats should kill the usual Republican ploy. Let’s give direct support to working people in need. Billionaires do not need support right now, we should reverse the tax cuts given to them permanently.
— @subirgrewal