Wednesday, December 9, 2009

Garrett Against Tax Breaks

Representative Scott Garrett joined all but two Republicans in voting against extending $31 billion in tax breaks. Here's how the AP describes it:

The tax breaks include a sales tax deduction that mainly helps people in the nine states without local income taxes, a property tax deduction for people who don't itemize and lucrative credits that help businesses finance research and development.


The tax breaks are supported by Democrats and Republicans alike and are routinely extended each year, but there are big disagreements over the tax increases that would pay for them. The dispute, combined with the Senate's prolonged debate on health care, makes it unclear whether the tax package will be enacted this year.


Most Republicans argued that the tax increase would reach far beyond Wall Street, hitting real estate investment funds across the country. Instead, Republicans said, the tax breaks should be financed by federal borrowing, increasing the budget deficit.
The party that had one time introduced PAYGO has completely flipped to being the party of tax cut and borrow. They talk all the time about unfunded mandates, a favorite phrase of Garrett's is kicking the can down the road, but the fact is that when it comes to anything involving balancing the budget they wholeheartedly oppose the action.

It seems there are now a whopping two Republicans in the House who can claim to be fiscally conservative. This is an improvement, but the party has a long way to go to ever earn the right to recapture the purse strings of our nation's future.

If Garrett said anything during the debate or releases a statement I'll post it.

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