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Democrats might tie raising the debt ceiling to blocking tax cuts

June 3, 2017

 Back in 2013 Republicans attempted to hold raising the debt ceiling hostage to repealing Obamacare and naturally Democrats were outraged over the prospect of playing politics with paying the nation’s debts. Here is what Barack Obama said back then:

The issue here is whether or not America pays its bills,” Obama said at a press conference on Monday, the last of his first term in office. “We are not a deadbeat nation”

  However it is now being reported in this article that the Democrats are considering playing politics with the debt ceiling in order to block tax cuts, here is more:

Congressional Democrats might abandon their calls for raising the nation’s debt limit without any conditions, with House and Senate party leaders now discussing whether to use their leverage to try to prevent Republicans from enacting tax cuts for wealthy Americans.

House Minority Leader Nancy Pelosi signaled the shift Friday, telling reporters that “we’re not there to raise the debt ceiling to throw a few crumbs to the middle class” and provide big cuts for the wealthy. 

It’s unclear how this would work in practice, but Democratic aides in both chambers said they are discussing possible strategies to tie the debt ceiling to blocking tax cuts.

Seems like every day, taxes, tax-cuts, and the tax code gets more complicated. It’s almost impossible for the average person to be able to successfully, and correctly do their taxes. This might be why such a high amount of people don’t pay their taxes. Luckily there are firms like Shore Line who can help you out, I’ve used them a few times, and gilbert cpa has always been very helpful.

 

Such an approach would be a significant change for Democrats, who have spent the past eight years arguing that debt ceiling increases should be free from conditions, and could further complicate efforts to raise the government’s borrowing authority when the current limit is reached later this year.

  They have come full circle…

malo periculosam libertatem quam quietum servitium

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