The deal must now get through Congress, a difficult task given likely opposition from progressive lawmakers who oppose attacks on aid programs and Republicans who want steeper cuts.reported, “Lawmakers in the House Freedom Caucus were privately pillorying the deal on Saturday night, and the Congressional Progressive Caucus had already begun to fume about it even before negotiators finalized the agreement.
Amy Hanauer, executive director of the Institute on Taxation and Economic Policy, said Sunday that “it’s a relief to see that congressional leaders and the president have come to an agreement to raise the debt limit and avert an economic disaster.” “But by instituting work requirements for critical assistance programs and rescinding important funding to crack down on wealthy tax cheats, this deal will rig the economy even more in favor of the most well-off Americans while failing to fix the real structural problems that led to the current debt crisis in the first place,” said Hanauer. “The deal avoids the elephant in the room: it includes no new revenues even though tax cuts of the past few decades were a primary driver of deficit growth.
“And next up, many Republican lawmakers want to double down on tax cuts by pushing through many more tax cuts that would most help wealthy families and corporations,” Hanauer added. “They should do the opposite.”We needed to raise $50,000 in new donations this month to protect Truthout’s honest, fearless journalism, but we’ve fallen dangerously behind and are at real risk of not making it.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: dcexaminer - 🏆 6. / 94 Read more »
Source: WashTimes - 🏆 235. / 63 Read more »
Source: ladailynews - 🏆 332. / 59 Read more »
Source: KPRC2 - 🏆 80. / 68 Read more »
Source: ksatnews - 🏆 442. / 53 Read more »
Source: denverpost - 🏆 13. / 72 Read more »