June 19, 2023
Just six days after the bipartisan deal on the debt limit became law, House Republicans proposed a slew of tax cuts, leading to charges of hypocrisy by Democrats in a squabble that shows two clashing visions for the U.S. economy.
The dispute sets the stage for the 2024 elections and the immediate economic challenges that the winners will face: Lawmakers will need to raise the debt limit again and key portions of the 2017 tax cuts passed under then-President Donald Trump will expire and cause taxes to rise for most households unless they are extended.
“The really fundamental part of key policies has to be around how do we make long-term investments that help our communities, help our families,” said Rep. Suzan DelBene, D-Wash., who chairs the Democratic Congressional Campaign Committee. “Republicans have been short-term thinkers and are really focused on the wealthy and well connected.”
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