$4T In Disguised Tax Breaks: While Dismantling Core Govt Agencies? Say No
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Republicans are pushing to extend tax cuts that will cost $4 trillion over the next decade. They are using an accounting trick called the “current-policy baseline” to make it seem like these cuts won’t add to the deficit. However, this approach hides the true cost and will significantly increase national debt. Even some Republicans admit this strategy is misleading and irresponsible. (wsj.com)
At the same time, key government agencies like the National Oceanic and Atmospheric Administration (NOAA) and the Federal Aviation Administration (FAA) are facing major budget cuts. NOAA already had to reduce weather balloon launches in Alaska, which hurts forecasting for severe storms. The FAA is also struggling with staffing shortages, which could put air traffic control and passenger safety at risk. Cutting these essential services to fund tax breaks for the wealthy weakens national security and public safety. (axios.com, time.com)
Giving away trillions in tax breaks while defunding public safety and essential services is reckless. It widens the gap between the wealthy and everyone else while making the country less stable. A responsible tax policy should ensure fair contributions from all while funding the agencies that keep Americans safe.