<\/div>\n<\/div>\n<\/div>\n

As Cato\u2019s Adam Michel, Director of Tax Policy Studies, recently put it<\/a>,<\/p>\n

\n
If the House accepts the Senate version, they will in all likelihood have already lost the fight for a responsible bill.<\/p>\n
If they don\u2019t come to consensus now on the spending cuts, a few Senators\u2019 unwillingness to cut anything meaningful will stall the process until the need to raise the debt ceiling becomes the forcing mechanism to back fiscal hawks into a corner and get them to vote for a bad bill.<\/p>\n<\/blockquote>\n
At least a dozen legislators in the House who fought hard to tie tax cuts to real spending restraint have rightly expressed skepticism<\/a> over the Senate\u2019s game plan.<\/p>\n
\n
Rep. Lloyd Smucker <\/strong><\/a>(R\u2011PA): \u201cThe leverage is right now. I just don\u2019t believe that if we can\u2019t set some kind of a floor for spending cuts now, we\u2019re going to get them anytime later.\u201d<\/li>\n
Rep. Chip Roy<\/a> <\/strong>(R\u2011TX): \u201cThe Senate is making very clear it has little intent to reduce spending.\u201d<\/li>\n
Rep. Keith Self<\/a> (R\u2011TX): \u201cHouse Republicans passed a strong budget with $1.5 trillion in cuts. The Senate budget offers only a measly $4 billion in cuts\u2026nowhere near what we need to curb the deficit.\u201d<\/li>\n
Rep. Josh Brecheen<\/a> (R\u2011OK): \u201cSo many of us are GREATLY disappointed in the Senate budget resolution (that initiates the reconciliation process) effectively gutting what we sent over from the House!\u201d<\/li>\n
Other skeptical House Republicans include Scott Perry (R\u2011PA), Andy Harris (R\u2011MD), Thomas Massie (R\u2011KY), Ralph Norman (R\u2011SC), David Schweikert (R\u2011AZ), Andy Ogles (R\u2011TN), Andrew Clyde (R\u2011GA), and Victoria Spartz (R\u2011IN).<\/li>\n<\/ul>\n
House Budget Chair Rep. Arrington (R\u2011TX) perhaps put it best, saying in a recent interview<\/a>:<\/p>\n
\n
Our children are going to inherit the whirlwind of our recklessness, now to the tune of $36 trillion in debt, $2 trillion annual deficits, $1 trillion just to service the debt. Those are all deferred taxes on our children.<\/em> So we have to have offsets, we cannot increase the deficit, and we have to get our country on a sustainable and responsible path. That\u2019s missing from the Senate bill. That was in the House bill.<\/p>\n<\/blockquote>\n
Don\u2019t Get Bullied by Leadership and Tumultuous Markets<\/strong><\/p>\n
Reportedly, President Trump and GOP leaders have been attempting to pressure House Republicans to swallow the Senate bill. This arm-twisting campaign<\/a> is taking place as Wall Street has experienced a massive economic downturn\u2014sparked by the president\u2019s tariff-driven market panic. House legislators need to recognize that they hold the cards. House Republicans muscled the $2 trillion spending cut target through a razor-thin majority. They shouldn\u2019t allow political and economic turmoil to steamroll fiscal accountability. Now is the time to hold the line.<\/p>\n
Lawmakers have a choice. Accept the Senate\u2019s resolution under pressure or insist on a better path\u2014one that doubles down on the House\u2019s stronger fiscal framework, goes big with spending cuts, and protects Americans from the hidden costs of debt and inflation. Let\u2019s hope legislators buck the trend in Washington of consistently making the wrong fiscal choice.<\/p>\n","protected":false},"excerpt":{"rendered":"
Romina Boccia and Dominik Lett On April 5, the Senate approved a modified budget framework,…<\/p>\n","protected":false},"author":0,"featured_media":55661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-55660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/bestlifeschedule.com\/wp-json\/wp\/v2\/posts\/55660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bestlifeschedule.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bestlifeschedule.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bestlifeschedule.com\/wp-json\/wp\/v2\/comments?post=55660"}],"version-history":[{"count":0,"href":"https:\/\/bestlifeschedule.com\/wp-json\/wp\/v2\/posts\/55660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bestlifeschedule.com\/wp-json\/wp\/v2\/media\/55661"}],"wp:attachment":[{"href":"https:\/\/bestlifeschedule.com\/wp-json\/wp\/v2\/media?parent=55660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bestlifeschedule.com\/wp-json\/wp\/v2\/categories?post=55660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bestlifeschedule.com\/wp-json\/wp\/v2\/tags?post=55660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}