Sen. Jeff Merkley: Republicans Driving Massive Deficits Through Tax Cuts and Budget Erosion

Forbes Breaking NewsJuly 7, 202525 min3,350 views

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Republican Role in Debt Increases

🎯 Senator Merkley argues that the Republican party has driven massive increases in national debt over the past two decades through two primary methods: legislative acts, mainly tax bills, and eroding the 1974 budgeting framework.
💸 Key legislative acts cited include the Bush tax cuts of 2001 and 2003, and the Trump tax cuts of 2017, which are described as reducing revenue by providing

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National DebtDeficit SpendingRepublican PartyTax CutsBudgeting FrameworkReconciliation ProcessFiscal ResponsibilityCongressional Budget OfficeJoint Committee on TaxationCurrent Policy BaselineBipartisan Consensus

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