Sen. Jon Kyl, Republican of Arizona, believes that any extension to unemployment benefits “ought to be paid for.” But when it comes to the $678-billion cost of extending the Bush-era tax cuts for the wealthy, the senator says no offsetting is necessary.
In an interview with Fox News’ Chris Wallace Sunday, Kyl argued that Congress and the Obama administration should extend the tax cuts enacted by President George W. Bush during his first term.
Extending the entire package of tax cuts would cost the US $2.2 trillion over the next 10 years. The Obama administration has argued in favor of allowing to expire at least the part of the tax cuts that applies to people earning over $250,000 a year. That portion is estimated to cost $678 billion over 10 years.
“Tell me, how are you going to pay that $678 billion to keep those Bush tax cuts for the wealthy?” Wallace asked Kyl.
“You should never raise taxes in order to cut taxes,” Kyl said. “Surely Congress has the authority — and it would be right — if we decide we want to cut taxes to spur the economy, not to have to raise taxes in order to offset those costs. You do need to offset the cost of increased spending. And thatÃ¢â‚¬â„¢s what Republicans object to. But you should never have to offset the cost of a deliberate decision to reduce tax rates on Americans.”
This video is from Fox’s Fox News Sunday, broadcast July 11, 2010.
‘We lost New Mexico to Mexico’: Internet breaks into hysterics over Trump wanting to build border wall on Colorado
The president of the United States indicated he accidentally forgot where the state of Colorado was during his speech to an energy conference of fracking companies Wednesday.
Trump told the audience he was building a "wall" in Colorado, which is the state just north of New Mexico. If Trump was referring to his U.S.-Mexico border wall, it's the southern New Mexico border on which he intends to build the wall.
It prompted many to wonder if the president whipped out his fact-changing Sharpie yet again.
Giuliani henchmen caught on tape doing statewide tour for Indiana Republicans during 2018 election
New images of Lev Parnas and Igor Fruman with prominent Republicans emerged on Wednesday.
"Two associates of Rudy Giuliani who are accused of illegally funneling foreign money into U.S. campaigns attended an Indiana Republican event promoting U.S. Sen. Mike Braun and others just days before the 2018 election," the Indy Star reports.
"The reason remains a mystery," the newspaper noted.
House Homeland Security chairman directs sergeant at arms to ‘take action’ against Republicans who raided SCIF
On Wednesday, House Homeland Security Committee Chairman Bennie Thompson (D-MS) sent a letter to the Congressional sergeant at arms, Paul Irving, asking him to "take action" against the gang of House Republicans who invaded the classified information facility during an impeachment hearing.
"This unprecedented breach of security raises serious concerns for Committee Chairmen, including me, responsible for maintaining SCIFs," wrote Thompson. "As such, I am requesting you take action with respect to the Members involved in the breach. More broadly, I urge you to take House-wide action to remind all Members about the dangers of such reckless action and the potential national security risks of such behavior."